Printer Friendly

-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.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2010 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Comment:-India's Syndicate Bank raises INR1.6bn via debt sale.
Publication:Telecomworldwire
Geographic Code:9INDI
Date:Dec 21, 2010
Words:127
Previous Article:-PremierWest Bancorp approves reverse stock split.
Next Article:-IDBI Bank raises INR7.75bn via debt sale.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters