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

Indian Bank

14/06/2023 03:54

MUMBAI, June 14 (Reuters) - Indian Bank  INBA.NS  plans to raise funds
by selling certificates of deposits maturing in three months at a yield of
6.97%, three merchant bankers said. The terms of the deal were set on Tuesday. 


 Below is the list of deals reported so far on June 14:   
 Issuer Name      Instrument  Tenure (in    Yield     Amount (in bln
                  type        months)       (in %)    rupees)
 Indian Bank      CD          3             6.97      21
 Canara Bank      CD          3             6.97      50
 Bank of Baroda   CD          3             6.90      5
 
    ($1 = 82.3675 Indian rupees)

 (Reporting by Dharamraj Dhutia)
 ((Dharamraj.dhutia@tr.com))