ALLOTMENT OF 250m US$ MTN

29 Jan 2007 12:55

UTI Bank Limited29 January 2007 ALLOTMENT OF 3-YEAR SENIOR FLOATING RATE NOTES AGGREGATING TO USD 250 MILLION UNDER THE BANK'S MEDIUM TERM NOTE PROGRAMME We are pleased to inform that the Board of Directors of the Bank has passed aresolution approving the issue and allotment of Bonds/ Notes having a nominalvalue of USD 1,00,000 each aggregating to a sum of USD 250 million to variousinternational subscribers. The allotment or the settlement date of the Bonds/Notes will be 29th January, 2007. These Bonds/ Notes were issued at coupon rateof 3 month USD LIBOR + 40 bps (presently 5.76%, at a re-offer price of 99.809)and will be listed on the Singapore Exchange w.e.f. 29th January, 2007. This information is provided by RNS The company news service from the London Stock Exchange