Indian Bank postpones offering of up to $1 billion medium-term notes

By Christine Van Dusen

Atlanta, July 22 - Indian Bank has postponed its plans to sell $500 million to $1 billion of medium-term notes (Baa3/BBB-/BBB-) due to investor response, a market source said.

Citigroup, HSBC, RBS and Standard Chartered were the bookrunners for the deal.

Proceeds were to be used to fund the bank's international operations and for general corporate purposes.

Indian Bank is a lender based in Chennai, India.

© 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.