India’s Syndicate Bank to consider calling Rs. 2.4 billion 9.9% bonds

By Sarah Lizee

Olympia, Wash., Jan. 24 – Syndicate Bank informed the Bombay Stock Exchange that it is seeking approval from its board of directors to exercise the call option on its Rs. 2.4 billion 9.9% Basel 3 noncompliant perpetual bonds due March 25, 2018.

The board is scheduled to meet on Feb. 2 to consider calling the bonds.

The banking and financial services company is based in Manipal, India.

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