By Devika Patel
Knoxville, Tenn., July 21 - Indian Bank informed the Bombay Stock Exchange that it sold Rs. 10 billion in unsecured redeemable non-convertible subordinated upper tier 2 bonds in an offering that launched and settled on Friday.
The bonds have a coupon of 8.67%.
The issuer is a Chennai, India-based banking company.
| Issuer: | Indian Bank
|
| Issue: | Unsecured redeemable non-convertible subordinated upper tier 2 bonds
|
| Amount: | Rs. 10 billion
|
| Coupon: | 8.67%
|
| Price: | Par
|
| Yield: | 8.67%
|
| Settlement date: | July 16
|
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