India’s Indusind Bank allots Rs. 15 billion of redeemable debentures

By Tali Rackner

Norfolk, Va., Dec. 9 – Indusind Bank Ltd. informed the Bombay Stock Exchange that it allotted Rs. 15 billion of senior unsecured redeemable nonconvertible debentures.

The 15,000 debentures with a face value of Rs. 1 million each were issued via private placement.

The debentures will be listed on the wholesale debt market segment of the National Stock Exchange of India Ltd.

Indusind Bank is a private bank with headquarters in Mumbai.

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