Published on 12/18/2015 in the Prospect News Emerging Markets Daily.
New Issue: India’s Syndicate Bank issues Rs. 7.5 billion 8.62% 10-year debentures
By Tanya Meyer
Chicago, Dec. 18 – Syndicate Bank issued Rs. 7.5 billion in unsecured, redeemable, non-convertible, Basel III compliant 10-year tier II debentures, according to a filing with the Bombay Stock Exchange.
The debentures, with a face value of Rs. 1 million each, were issued on a private placement basis with a coupon of 8.62%.
Syndicate Bank is a Manipul, India-based banking and financial services company.
| Issuer: | Syndicate Bank
|
| Issue: | Unsecured, redeemable, non-convertible, Basel III compliant tier II debentures
|
| Amount: | Rs. 7.5 billion
|
| Maturity: | Dec. 18, 2025
|
| Coupon: | 8.62%
|
| Call: | Non-callable
|
| Pricing date: | Dec. 17
|
| Settlement date: | Dec. 18
|
|
|
|
|
© 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.
