India New Issue-Indian Bank to issue 3-month CD - bankers

Indian Bank

31/05/2023 09:13

MUMBAI, May 31 (Reuters) - Indian Bank  INBA.NS  plans to raise funds by
selling certificates of deposit maturing in three months, at a yield of 6.98%,
three merchant bankers said on Wednesday.

Below is the list of deals reported so far on May 31:
 Issuer Name                Instrument  Tenure (in    Yield     Amount (in bln
                            type        months)       (in %)    rupees)
 Indian Bank                CD          3             6.98      40
 L&T Finance                CP          12            7.68      5
 Reliance Retail Ventures   CP          3             7.05      10
 ($1 = 82.6700 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)