India New Issue-Indian Bank to issue over 2-month CD - bankers

Indian Bank

14/06/2023 11:21

MUMBAI, June 14 (Reuters) - Indian Bank  INBA.NS  plans to raise funds
by selling certificates of deposits maturing at end of August at a yield of
6.96%, three merchant bankers said.


 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          over 2        6.96      10
 Axis Finance     CP          6             7.51      1
 SIDBI            CP          6             7.25      12
 Indian Bank      CD          3             6.97      21
 Canara Bank      CD          3             6.97      50
 Bank of Baroda   CD          3             6.90      5
    ($1 = 82.0950 Indian rupees)

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