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India’s DCB Bank considers Rs. 1.5 billion private sale of tier 2 bonds
By Sarah Lizee
Olympia, Wash., Jan. 3 – DCB Bank Ltd. informed the Bombay Stock Exchange that its executives may approve raising up to Rs. 1.5 billion of tier 2 bonds.
The notes would be issued in a private placement on or after Jan. 6, according to the notice by the commercial bank based in Mumbai.
DCB’s board has already authorized the offering and has delegated approval to the chairman, chief executive officer and chief financial officer.
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