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Prospect News home > News index > List of issuers S > Headlines for Syndicate Bank > News item
Published on 10/24/2016 in the Prospect News Emerging Markets Daily.

New Issue: Syndicate Bank issues Rs. 10 billion 9.95% perpetual debentures

By Angela McDaniels

Tacoma, Wash., Oct. 24 – India’s Syndicate Bank issued Rs. 10 billion of 9.95% perpetual debentures, series IV, on Monday, according to a notice to BSE Ltd.

The Basel III-compliant debentures qualify as additional tier 1 capital.

The banking and financial services company is based in Manipal.

Issuer:Syndicate Bank
Issue:Basel III-compliant additional tier 1 debentures, series IV
Amount:Rs. 10 billion
Maturity:Perpetual
Coupon:9.95%
Settlement date:Oct. 24

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