 "IndusInd Bank")
Private lender IndusInd Bank plans to raise up to $1 billion (about Rs 7,000 crore) through medium term notes (MTNs) to meet its funding requirements. It would also raise up to Rs 3,000 crore through Tier I and Tier II bonds.
In a meeting on Wednesday, the board approved setting up of a Euro MTN (EMTN) programme of about Rs 7,000 crore. “The EMTN shall provide the bank access to foreign currency funds for meeting its funding requirements,” said the bank in a filing to the exchanges.
The funding would be availed through its IFSC unit in Gift
In a meeting on Wednesday, the board approved setting up of a Euro MTN (EMTN) programme of about Rs 7,000 crore. “The EMTN shall provide the bank access to foreign currency funds for meeting its funding requirements,” said the bank in a filing to the exchanges.
The funding would be availed through its IFSC unit in Gift
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