You are here:HomeLive TVVideosNewsSeb Bond Coupon Rate Of 10.5-11% Seems Low: Andhra Bank

SEB bond coupon rate of 10.5-11% seems low: Andhra Bank

loading..

Sources told NDTV that as part of its SEB restructuring program, the Finance Ministry has proposed to allow SEB’s convert part of their loans to bonds at an interest rate of 10.5-11 per cent. BA Prabhakar, chairman of Andhra Bank, says that although the bank has already provided for some net present value (NPV) hit on expectations of a lower coupon rate, the bank would have to do more if the rate is between 10.5-11 per cent.

Social Sharing

Advertisement

From Reuters

The many interpretations of Ben Bernanke

The many interpretations of Ben Bernanke The last thing experts want is for Bernanke to be believed when he promises to carry on with an unchanged policy.
Market Data provided by © Accord Fintech.
© Copyright NDTV Convergence Limited 2013. All rights reserved.