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Thursday, Mar 25, 2004
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 Money & Banking - Corporate Bonds


IDBI Bank bonds issue

Our Bureau

MUMBAI: IDBI Bank has raised Rs 130 crore through non-convertible bonds priced at 6.5 per cent from the corporate bond market. This will shore up the bank's capital adequacy ratio.

The bond issue with a green-shoe option of Rs 55 crore was oversubscribed. It received a good response from banks and FIs, said a press release from the bank.

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