-India's Syndicate Bank raises INR1.6bn via debt sale.
Global Banking News-December 21, 2010--India's Syndicate Bank raises INR1.6bn via debt sale(C)2010 ENPublishing - http://www.enpublishing.co.uk
Global Banking News - 21 December 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
India's state-run Syndicate Bank Limited (532276.BOM) (SYNDIBANK.NS) has raised INR1.6bn through the sale of short-term debt, Dow Jones has reported, citing a person familiar with the matter.
Certificates of deposit, with a maturity of one-year and paying a yield of 9.50 percent, have been placed privately by the bank, the person said.
No further details, including the end use of the funds, have been disclosed.
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|Comment:||-India's Syndicate Bank raises INR1.6bn via debt sale.|
|Date:||Dec 21, 2010|
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