IndusInd Bank is planning to raise $400 million through medium term notes programme. The Bank has priced the Notes at 3.875 per cent fixed rate on April 8, 2019 under the medium term notes programme having a size of $400 million.
The notes will carry a fixed coupon rate of 3.87 per cent and be payable on semi-annual basis. The notes are expected to be settled on April 15 and will mature on April 15, 2022. These Notes are proposed to be listed on the India International Exchange (IFSC) (INX) and Singapore Exchange Securities Trading.
IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.
