Date:22/04/2005 URL: http://www.thehindu.com/2005/04/22/stories/2005042204781900.htm

Business - Briefly

IndusInd completes Tier-II bond issue

CHENNAI: IndusInd Bank has mobilised Rs. 170 crores in its Tier-II bond issue during March 2005. The issue is listed on the wholesale debt market segment of NSE. The privately placed unsecured redeemable non-convertible subordinated bonds offered three options with 63 month (coupon rate of 8.1 per cent annually and floating rate one year INBMK plus 190 basis points spread and 111 month (coupon rate of 8.5 per cent annually) maturity periods.