IndusInd Bank has priced the Notes at 3.875% fixed rate on 08 April 2019 under the Medium Term Notes Programme acting through its International Financial Services Centre having an issue size of US $ 400 million. The Notes carry a fixed coupon of 3.875% and shall be payable on a semi-annual basis. The Notes are expected to be settled on 15 April 2019 and will mature on 15 April 2022 i.e., a period of three years from the date of allotment of the Notes. These Notes are proposed to be listed on the India International Exchange (IFSC) (INX) and Singapore Exchange Securities Trading and are expected to be rated 'Baa3' by Moody's Investors Service, Inc.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
