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South Indian Bank Ltd. - Approval Of Information Memorandum For Issuance Of Rated, Unsecured, Redeemable, Non-Convertible, Basel III Compliant, Lower Tier 2 Subordinated Bonds Bearing A Face Value Of Rs.1,00,000 (Rupees One Lakh) Each, Up To Rs. 150 Crores (Rupees One Hundred And Fifty Crores Only) With An Option To Retain An Over-Subscription Aggregating Up To Rs. 100 Crores (Rupees One Hundred Crores Only) Aggregating To A Total Issue Size Of Rs. 250 Crores (Rupees Two Hundred And Fifty Crores Only) On Private Placement Basis (Issue) By The South Indian Bank Limited (Bank).

| Updated on March 20, 2019 Published on March 20, 2019

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Capital Planning and Infusion Committee of Directors of the Bank (Committee) today approved the information memorandum for issuance of rated, unsecured, redeemable, non-convertible, Basel III compliant, lower Tier 2 subordinated bonds bearing a face value of Rs.1,00,000 (Rupees One lakh) each, up to Rs. 150 crores (Rupees one hundred and fifty crores only) with an option to retain an over-subscription aggregating up to Rs. 100 crores (Rupees one hundred crores only) aggregating to a total issue size of Rs. 250 crores (Rupees two hundred and fifty crores only)

We request you to take on record and the same be treated as compliance under the applicable clauses(s) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pdf Link: South Indian Bank Ltd. - Approval Of Information Memorandum For Issuance Of Rated, Unsecured, Redeemable, Non-Convertible, Basel III Compliant, Lower Tier 2 Subordinated Bonds Bearing A Face Value Of Rs.1,00,000 (Rupees One Lakh) Each, Up To Rs. 150 Crores (Rupees One Hundred And Fifty Crores Only) With An Option To Retain An Over-Subscription Aggregating Up To Rs. 100 Crores (Rupees One Hundred Crores Only) Aggregating To A Total Issue Size Of Rs. 250 Crores (Rupees Two Hundred And Fifty Crores Only) On Private Placement Basis (Issue) By The South Indian Bank Limited (Bank).

Source : BSE - www.bseindia.com

Published on March 20, 2019
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