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IndusInd Bank to redeem Tier 2 bonds

IndusInd BankLtd. will redeem Tier 2 bonds due March 30, 2021.

The bank said Sept. 28 that it will exercise the call optionto redeem the bonds, which were issued March 31, 2006.

The record date for the payment of the redemption proceedsis Oct. 17, while the redemption is set for Nov. 1.