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Indusind Bank to issue bonds

CHENNAI: Indusind Bank informed the Bombay Stock Exchange that the committee of directors of the bank had approved private placement of non-convertible redeemable unsecured bonds equivalent to Rs. 250 crore (with a greenshoe option of Rs. 100 crore). The tenor, coupon and other terms of placement, including the timing will be finalised in due course.

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