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NDB Bank to raise Rs 10b in debentures Vote_lcap68%NDB Bank to raise Rs 10b in debentures Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » NDB Bank to raise Rs 10b in debentures

NDB Bank to raise Rs 10b in debentures

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1NDB Bank to raise Rs 10b in debentures Empty NDB Bank to raise Rs 10b in debentures Thu May 21, 2015 10:26 am

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

The National Development Bank (NDB) hopes to raise a maximum of Rs 10 billion in debentures.
The bank will go for a debenture through the issuance of listed rated unsecured subordinated redeemable debentures amounting to Rs. 7.5 billion with an option to raise up to Rs. 10 billion subject however to obtaining all necessary regulatory approvals.A resolution has been adopted by the NDB Director Board to pursue with the said debenture issue. 
Courtesy: Daily News 21 May 2015

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