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Published on 9/26/2005 in the Prospect News Emerging Markets Daily.

India's State Bank of Travancore plans to issue Rs. 2.35 billion

By Reshmi Basu

New York, Sept. 26 - State Bank of Travancore said it received approval from its board of directors to raise Rs. 2.35 billion in new bonds.

The tier II capital bonds will be placed via a private placement.

The bank is based in Trivandrum, India.


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