Issue of Debt

15 Nov 2006 13:17

UTI Bank Limited15 November 2006 RAISING OF HYBRID TIER I BONDS/NOTES UNDER THE MEDIUM TERM NOTE PROGRAMME Further to our Press Release of 9th November, 2006 in respect of raising of USD46.00 million of perpetual Hybrid Tier I Bonds/Notes in the internationalmarket, we are pleased to inform that the Board of Directors of the Bank haspassed a resolution approving allotment of Bonds/ Notes having a nominal valueof USD 1,00,000 each and thereafter in integral multiples of USD 1000,aggregating to a sum of USD 46 million to various international subscribers asthe Bank's Hybrid Tier I Bonds/Notes. The allotment or the settlement date ofthe Bonds/ Notes will be 15th November, 2006. These Bonds/Notes were issued atcoupon rate of 7.167 and will be listed on the Singapore Exchange w.e.f 15thNovember, 2006. This information is provided by RNS The company news service from the London Stock Exchange