Date of redemption is 18 November 2016IndusInd Bank has decided to exercise Call Option for redemption of the Tier II Bonds - Series IX prior to maturity.
The said bonds were issued by the bank on 30 September 2006 on private placement basis and the maturity date of bonds is 30 September 2021. The record date for payment of redemption proceeds is fixed as 03 November 2016 and the date of redemption is 18 November 2016.
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