India’s IDBI Bank board approves up to Rs. 200 billion bond proposal

By Tali Rackner

Norfolk, Va., March 4 – IDBI Bank Ltd. informed the Bombay Stock Exchange that its board of directors approved the proposal of up to Rs. 200 billion to be borrowed in one or more tranches comprising of senior/infrastructure bonds, Basel III compliant tier II/additional tier I bonds.

The bonds will be issued by way of private placement and/or public issue during the fiscal year 2015-2016.

IDBI Bank is a public sector bank based in Mumbai.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.