By Sarah Lizee
Olympia, Wash., March 28 – IndusInd Bank Ltd.’s finance committee approved and allotted Rs. 10 billion of 10½% nonconvertible perpetual subordinated Basel 3 compliant additional tier 1 capital bonds in a private placement on Thursday, according to a Bombay Stock Exchange notice.
The bonds carry a Rs. 10 billion greenshoe.
The bonds will be listed on the National Stock Exchange of India Ltd. and are rated AA by Crisil and India Ratings and Research.
IndusInd Bank is a private bank with headquarters in Mumbai, India.
| Issuer: | IndusInd Bank Ltd.
|
| Issue: | Nonconvertible perpetual subordinated Basel 3 compliant additional tier 1 capital bonds
|
| Amount: | Rs. 10 billion
|
| Greenshoe: | Rs. 10 billion
|
| Maturity: | Perpetual
|
| Coupon: | 10½%
|
| Allotment date: | March 28
|
| Distribution: | Private placement
|
| Ratings: | Crisil: AA
|
| India Ratings and Research: AA
|
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