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

Indian Bank

20/06/2023 10:27

MUMBAI, June 20 (Reuters) - Indian Bank  INBA.NS  plans to raise funds
by selling certificates of deposit maturing in three months at a yield of 6.90%,
three merchant bankers said.


Below is the list of deals reported so far on June 20
 Issuer Name      Instrument  Tenure (in    Yield     Amount (in bln
                  type        months)       (in %)    rupees)
 Indian Bank      CD          3             6.90      20
 SIDBI            CD          12            7.45      25
 
($1 = 82.1100 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Shailesh Kuber)
 ((Dharamraj.dhutia@tr.com))