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Syndicate Bank's bond issue

BANGALORE: Syndicate Bank plans to raise Rs. 200 crore Tier II capital through bonds in a month, which will have a greenshoe option of Rs. 50 crores. "We will raise Rs. 200 crores through Tier II bonds, with a greenshoe option of Rs. 50 crores within a month," Syndicate Bank Chairman and Managing Director, Michael Bastian, who is retiring tomorrow, told reporters here.

PTI

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