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Prospect News home > News index > List of issuers S > Headlines for Syndicate Bank > News item
Published on 11/24/2004 in the Prospect News Emerging Markets Daily.

India's SyndicateBank to raise Rs. 1 billion of subordinated debt

By Reshmi Basu

New York, Nov. 24 - SyndicateBank said it would raise Rs. 1 billion through the private placement of subordinated debt.

The funds will boost the bank's tier II capital.

SyndicateBank, based in Manipal, India, is a public sector bank.


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