Indian Bank raises ₹5,000 crore through 10-year infra bonds

Indian Bank on Monday said it has raised ₹5,000 crore through a 10-year long-term infrastructure bond issue at a coupon rate of 7.15%. The lender reportedly received several bids, including two bids for ₹4,100 crore and ₹5,050 crore at coupon rates of 7.14% and 7.15%, respectively. Pay in and allotment for the bonds is set to take place on Tuesday.