Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
08 March, 2021 12:31 IST
IDBI Bank redeems 4.25% Senior Notes worth USD 350 mn
Source: IRIS | 01 Dec, 2020, 02.00PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

 IDBI Bank, one the leading public sector banks, on Tuesday said it has redeemed USD 350 million senior notes, listed on the Singapore Exchange Securities Trading Ltd.

The notes, which were redeemed on Nov.30,2020, carried a coupon of 4.25%. The notes were issued under the bank’s USD 5 billion MTN (Medium Term Note) Program for an aggregate principal amount of USD 350 million together with accrued interest from the last interest payment date.

Shares of the bank gained Rs 0.55, or 1.44%, to trade at  Rs 38.65.  The total volume of shares traded  was  242,381 at the BSE (12.44 p.m., Tuesday).

 Post Comment
Name Email
Security Code type    into this box
Related Articles
Jagran Prakashan plans to buyback shares worth Rs 1,180 mn - 08-Mar-2021 09:27
Kotak Mahindra Bank divests 10% stake in ECA Trading Services to its arm - 08-Mar-2021 09:07
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer