Date:31/08/2004 URL: http://www.thehindu.com/2004/08/31/stories/2004083103171400.htm

Business - Briefly

Syndicate Bank's bond issue

BANGALORE: Syndicate Bank plans to raise Rs. 200 crore Tier II capital through bonds in a month, which will have a greenshoe option of Rs. 50 crores. "We will raise Rs. 200 crores through Tier II bonds, with a greenshoe option of Rs. 50 crores within a month," Syndicate Bank Chairman and Managing Director, Michael Bastian, who is retiring tomorrow, told reporters here.

PTI