MUMBAI, JULY 15By Rushabh Maru
: Two state-run banks and two private sector banks raised Rs 29.5 billion from sale of certificates of deposit, according to information collated by TickerNews Service.
The duration of the CDs issued ranged from 3 months to 1 year, yielding 8.75-9.70%.
The lowest yield offered was 8.75% by Axis Bank for its Rs 7.5 billion worth CDs maturing in 3 months, whereas the highest yield was offered by Axis Bank at 9.70% for its Rs 8 billion CDs maturing in 1 year.
Below are the details of the CDs issued by banks on Friday.
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TNS Indian Bank raises Rs 2 bln via 1-year CD at 9.55% Fri: Official
Indian Bank Friday raised Rs 2 billion by selling certificate of deposit maturing in 1 year, an official of the bank said.
The 1-year certificate of deposit will yield 9.55% on maturity, the official told TickerNews.
The value date for Indian Bank's Rs 2 billion CD has been fixed on Jul 19. The maturity date for the CD is Jul 17, 2012. (Rushabh Maru)
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TNS HDFC Bank raises Rs 8.5 bln via 1-year CD at 9.60%: Official
HDFC Bank Friday raised Rs 8.5 billion by selling certificate of deposit maturing in 1 year, an official of the bank said.
The 1-year certificate of deposit will yield 9.60% on maturity, the official told TickerNews.
The value and issue date for HDFC Bank's Rs 8.5 billion CD has been fixed on Jul 18 and Jul 15, respectively. The maturity date for the CD is Jul 16, 2012. (Rushabh Maru)
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TNS Axis Bank raises total Rs 15.50 bln via two CD issues: Official
Axis Bank Friday raised Rs 15.50 billion by selling two certificate-of-deposits, an official of the bank said.
The bank raised Rs 8 billion by selling CDs maturing in 1-year, the official said.
The 1-year certificate of deposit will yield 9.70% on maturity, he told TickerNews.
The value and issue date for Axis Bank' Rs 8 billion CD has been fixed on Jul 18. The maturity date for the CD is Jul 16, 2012.
The bank had also raised Rs 7.5 billion by selling CDs maturing in 3 months and yielding 8.75% on maturity.
The value and issue date for Axis Bank' Rs 7.5 billion CD has been fixed on Jul 18. The maturity date for the CD is Oct 15. (Rushabh Maru)
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TNS UCO Bank raises Rs 2.5 bln via 1-year CD at 9.48% Fri: Official
UCO Bank Friday raised Rs 2.5 billion by selling certificate of deposit maturing in 1 year, an official of the bank said.
The 1-year certificate of deposit will yield 9.48% on maturity, the official told TickerNews.
The value date for UCO Bank's Rs 2.5 billion CD is Jul 19. The instrument will mature on Jul 17, 2012. (Rushabh Maru)
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TNS Indian Bank raises Rs 1 bln via 1-year CD at 9.45% Fri: Official
Indian Bank Friday raised Rs 1 billion by selling certificate of deposit maturing in 1 year, an official of the bank said.
The 1-year certificate of deposit will yield 9.45% on maturity, the official told TickerNews.
The value date for Indian Bank's Rs 1 billion CD has been fixed on Jul 19. The maturity date for the CD is Jul 17, 2012. (Rushabh Maru)
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