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

Indian Bank

12/07/2023 08:21

MUMBAI, July 12 (Reuters) - Indian Bank  INBA.NS  plans to raise funds
by selling certificates of deposit maturing in three months at a yield of 6.95%,
three merchant bankers said.

Below is the list of deals reported so far on July 12
 Issuer Name           Instrument  Tenure (in    Yield     Amount (in bln
                       type        months)       (in %)    rupees)
 Indian Bank           CD          3             6.95      16
 Aditya Birla Finance  CP          5             7.40      1
 
($1 = 82.3000 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
 ((Dharamraj.dhutia@tr.com))