trending Market Intelligence /marketintelligence/en/news-insights/trending/uDl4mU-Uz6gQ7MhdeUoAYg2 content esgSubNav
In This List

South Indian Bank raises 4.9B rupees via Tier 2 bonds

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers


South Indian Bank raises 4.9B rupees via Tier 2 bonds

South Indian Bank Ltd. raised 4.90 billion rupees via an offering of Basel III-compliant Tier 2 bonds.

The 126-month bonds were priced with a coupon of 9.50% per year.

The bonds will be listed on the BSE.

As of Nov. 28, US$1 was equivalent to 64.47 Indian rupees.