Date:03/01/2009 URL: http://www.thehindu.com/2009/01/03/stories/2009010360711500.htm

Business - Briefly

Syndicate Bank to raise Rs. 150 crore

MUMBAI: Syndicate Bank will be raising Rs. 150 crore through the issue of Tier-1 taxable non-convertible bonds on a private placement basis. As many as 1,500 perpetual bonds would be issued with a face value of Rs. 10 lakh. The issue will close on January 9 and the deemed date of allotment is January 15, the bank said in a filing to the Bombay Stock Exchange.