Anz Grindlays In Placement Mart

ANZ Grindlays Bank has entered the private placement market with the issue of tier-II capital worth Rs 200 crore at an interest rate of 11.15 per cent. This is also the lowest coupon rate for subordinated debt raised by any bank in the country to date. The issue has been assigned a LAAA rating by Icra with ANIZ Investment Bank as the lead arranger.