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Prospect News home > News index > List of issuers I > Headlines for IndusInd Bank Ltd. > News item
Published on 2/10/2006 in the Prospect News Emerging Markets Daily.

India's IndusInd Bank plans to sell Rs. 2.5 billion bonds

By Reshmi Basu

New York, Feb. 10 - IndusInd Bank Ltd. said it received approval from its committee of directors to raise Rs. 2.5 billion of bonds via a private placement.

The issuance will be structured as non-convertible, redeemable, unsecured bonds and will also carry an over-allotment option of Rs. 1 billion.

IndusInd Bank is a private bank with headquarters in Mumbai, India.


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