Chennai: Induslnd Bank has said it is planning to raise $400 million (around Rs 2,700 crore) through medium term notes programme.
“The Bank has priced the Notes at 3.875 per cent fixed rate on 8 April under the medium term notes programme…having a size of $400 million,” it said in a BSE filing.
The notes will carry a fixed coupon rate of 3.87 per cent and be payable on semi-annual basis, the filing said. The notes are expected to be settled on 15 April and will mature on 15 April, 2022.
‘These notes are proposed to be listed on the India International Exchange (IFSC) Ltd (INX) and Singapore Exchange Securities Trading Ltd,’ it said.