The notes are rated A1+ by CRISIL. ($1 = 82.6000 Indian rupees) (Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, Feb 28 (Reuters) - Union Bank of India plans to raise funds by issuing certificate of deposits maturing
in one year, three traders said on Tuesday.
The bank will offer a yield of 7.92% on the issue and has
received commitments worth around 15 billion rupees ($181.60
million) so far, they said.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.