Published on 3/28/2005 in the Prospect News Emerging Markets Daily.
New Issue: India's Dena Bank prices Rs. 1.25 billion 7.3% bonds
New York, March 28 - Dena Bank priced Rs. 1.25 billion of 7.3% redeemable subordinated tier II bonds.
The offering has a greenshoe of Rs. 1 billion.
Dena Bank is a Mumbai, India-based bank.
Issuer: | Dena Bank
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Issue: | Redeemable subordinated tier II bonds, series VIII
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Amount: | Rs. 1.25 billion
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Greenshoe: | Rs. 1 billion
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Coupon: | 7.3%
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Maturity: | 109 months
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Ratings: | CARE: A+
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Pricing date: | March 29
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Settlement date: | March 31
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