Maturity

A daily round-up of the most interesting articles to help jump-start the day.

ICICI Bank to redeem bonds worth $340 mn

ICICI Bank today said it will this month-end redeem bonds worth USD 340 million, issued by its Bahrain branch in 2006.

Rupee to be volatile as 2013 NRI dollar deposits mature: Kotak

Kotak Securities expects the banking system to face bouts of USD shortage during when these deposits mature, as exporters generally deliver only a part of their contracts and roll over the rest.

Bonds remain mixed, call rate ends higher

The government securities (G-Sec) closed mixed on alternate bouts of buying and selling, while call money rates ended slightly higher at the overnight call money market here today on good demand from borrowing banks.

Federal Bank offers 10% on 1000-day deposits

Kerala-based private sector lender Federal Bank today offered an interest rate of 10% for resident and non-resident deposits for 1,000 days' maturity, effective today through August 17.

Suzlon bondholders approve extension of June FCCBs

Suzlon bondholders approve extension of June FCCBs

Subex gets RBI nod to extend maturity of FCCBs to July 9

Bangalore-based software company Subex has received Reserve Bank of India approval to extend maturity period of all its FCCBs (foreign currency convertible bonds) to July 9 from March 9.