Syndicate Bank raises Rs 194 cr

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Posted: Thursday, Jun 25, 2009 at 1711 hrs IST
Updated: Thursday, Jun 25, 2009 at 1711 hrs IST

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Mumbai: Public sector lender Syndicate Bank on Thursday said it has raised Rs 194 crore through the issue of bonds in the market.

The bank has mobilised Rs 194 crore by issuing unsecured, non-convertible taxable bonds, Syndicate Bank said in a filing to the Bombay Stock Exchange.

The issue, which was issued at a coupon rate of 8.90 per cent payable annually, closed on June 25, it further said.

According to the bank, the bond issue has been fully subscribed.

Shares of Syndicate bank were trading at Rs 69.70, down 1.83 per cent in the late afternoon trade on the BSE.

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