South Indian Bank Ltd has informed that the Bank has successfully raised Rs 200 crore
Unsecured Redeemable Non-Convertible Subordinated Tier-II Bonds through private placement route. The Bonds with maturity period of 128 months offering coupon rate of 9.75% p.a., payable semi-annually, were rated as A+ by CARE and FITCH.
The issue was opened for subscription on August 03, 2009. The Bonds would be allotted on August 20, 2009.
Unsecured Redeemable Non-Convertible Subordinated Tier-II Bonds through private placement route. The Bonds with maturity period of 128 months offering coupon rate of 9.75% p.a., payable semi-annually, were rated as A+ by CARE and FITCH.
The issue was opened for subscription on August 03, 2009. The Bonds would be allotted on August 20, 2009.
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