India's Syndicate Bank to raise Rs. 3 billion in tier II bonds

By Reshmi Basu

New York, Oct. 27 - India's state-run Syndicate Bank said it has received approval from its board to raise Rs. 3 billion of tier II bonds.

The issue will carry an over-allotment option for another Rs. 2 billion.

The head office is in Manipal, located near Mangalore, Karnataka State.

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