Indian Bank raises Rs 2000 crore via long term bonds

Indian Bank has raised Rs 2,000 crore through issuance of long term bonds to finance infrastructure and affordable housing. The amount raised is part of the bank's Rs 5,000 crore fund raise plan to support infrastructure and affordable housing in the country. "The board of directors on September

BY Realty Plus
Published - Friday, 22 Sep, 2017

Indian Bank raises Rs 2000 crore via long term bonds

Indian Bank has raised Rs 2,000 crore through issuance of long term bonds to finance infrastructure and affordable housing. The amount raised is part of the bank's Rs 5,000 crore fund raise plan to support infrastructure and affordable housing in the country. "The board of directors on September 21, 2017 accorded approval for issuance of 7 year long term bonds amounting to Rs 2,000 crore in tranches out of the Rs 5,000 crore," it said in a regulatory filing.