The issue will be settled later this week.
($1 = 82.4150 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, March 27 (Reuters) - India's DCB Bank has accepted bids worth 2.75 billion rupees ($33.37 million) for
Basel III-compliant tier-II bonds maturing in 10 years, three
bankers said on Monday.
The bank will pay an annual coupon of 9.35% for this issue
and had invited bids from bankers and investors earlier in the
day, they said.
The bonds are rated AA- by CRISIL and carry a call option at
the end of the fifth year.
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.