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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 3/30/2005 in the Prospect News Emerging Markets Daily.

Industrial Development Bank of India plans to issue Rs. 1 billion of tier II bonds

By Reshmi Basu

New York, March 30 - Industrial Development Bank of India Ltd. plans to raise Rs.1 billion of tier II bonds in dual tranches.

Each tranche will be divided made of Rs. 500 million of tier II bonds, to be sold in series I and series II respectively under its 2005 Omnibonds program.

Both tranches were launched on Wednesday.

IDBI is based in Mumbai, India.


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