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Prospect News home > News index > List of issuers I > Headlines for Industrial Development Bank of India Ltd. > News item
Published on 2/28/2005 in the Prospect News Emerging Markets Daily.

India's IDBI Bank sells Rs 660 million debentures

By Reshmi Basu

New York, Feb. 28 - Industrial Development Bank of India Bank Ltd. said it sold Rs 660 million in non-convertible debentures in a private placement.

The subordinated unsecured debt carries a tenor of 74 months and bears a coupon of 7%.

The funds will boost the bank's tier II capital.

IDBI is based in Mumbai, India.


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