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-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 -

Global Banking News - 21 December 2010(c)2005 - Electronic News Publishing -

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.
Geographic Code:9INDI
Date:Dec 21, 2010
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