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Published on 4/5/2017 in the Prospect News Emerging Markets Daily.

India’s IndusInd Bank proposes Rs. 10 billion of nonconvertible debt

By Tali Rackner

Minneapolis, April 5 – IndusInd Bank Ltd. informed the Bombay Stock Exchange that it proposes to issue Rs. 10 billion of nonconvertible perpetual subordinated and unsecured Basel III compliant bonds.

The rated, listed bonds will be issued via private placement, according to a notice.

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


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