India’s Karur Vysya board to discuss up to Rs. 12 billion debt issue

By Sarah Lizee

Olympia, Wash., Dec. 17 – Karur Vysya Bank Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Thursday to consider a proposal to issue up to Rs. 12 billion of debt securities in one or more tranches on a private placement basis.

The securities may include long-term bonds, nonconvertible debentures, Basel 3 compliant tier 1 and tier 2 bonds or other debt securities as permitted.

Karur Vysya is a Karur, India-based bank.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.