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Thursday, Dec 22, 2005
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 Money & Banking - Corporate Bonds


Catholic Syrian Bank bonds subscribed fully

Our Bureau

KOCHI: The Catholic Syrian Bank bond issue to mobilise Rs 40 crore was fully subscribed within minutes of its opening on Tuesday. The Tier II Bonds designated as CSBL Bonds 2005 were meant to shore up the capital adequacy ratio of the bank.

The face value of each bond is Rs 10 lakh and the tenor 100 months. The dual-rated issue by CARE and FITCH carries a coupon rate of 8.75 per cent, payable every six months, a press release from the bank has said.

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