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IndusInd Bank to raise USD 400 mn through medium term notes programme

Devdiscourse News Desk | New Delhi | Updated: 09-04-2019 00:43 IST | Created: 08-04-2019 22:15 IST
IndusInd Bank to raise USD 400 mn through medium term notes programme

Induslnd Bank Monday said it is planning to raise USD 400 million (around Rs 2,700 crore) through medium-term notes programme. "The Bank has priced the Notes at 3.875 per cent fixed rate on April 8, 2019, under the medium term notes programme...having a size of USD 400 million," it said in a BSE filing.

The notes will carry a fixed coupon rate of 3.87 per cent and be payable on a semi-annual basis, the filing said. The notes are expected to be settled on April 15 and will mature on April 15, 2022.

"These Notes are proposed to be listed on the India International Exchange (IFSC) Ltd (INX) and Singapore Exchange Securities Trading Ltd," it said.

(With inputs from agencies.)

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