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

Indian Bank

01/08/2023 11:47

(NOTE TO SUBSCRIBERS: Reuters is considering discontinuing the following 'India
New Issue' report. If you have feedback or questions, please contact India
Financial News Editor Ira Dugal Ira.Dugal@thomsonreuters.com prior to August 7)
       MUMBAI, Aug 1 (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 Aug. 1:
 Issuer Name      Instrument  Tenure (in    Yield     Amount (in bln
                  type        months)       (in %)    rupees)
 Indian Bank      CD          3             6.95      6.5
 
($1 = 82.2500 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Varun H K)
 ((Dharamraj.dhutia@tr.com))