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Indian Bank raised ₹5,000 crore via 10-year infrastructure bonds at 7.15% interest, meeting its target.
Indian Bank raised ₹5,000 crore through a 10-year infrastructure bond issue with a 7.15% coupon rate, meeting its target including a ₹3,000 crore greenshoe option.
Bids totaled over ₹5,000 crore at rates between 7.13% and 7.15%.
The bonds, rated 'AAA' with a 'Stable' outlook by CARE and CRISIL, will undergo pay-in and allotment on March 24, 2026.
Proceeds will fund infrastructure projects.
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El Banco de la India recaudó ₹ 5,000 crores a través de bonos de infraestructura de 10 años a un interés del 7.15%, cumpliendo su objetivo.