Issue of Debt

11 Aug 2006 14:05

UTI Bank Limited11 August 2006 August 11, 2006 RAISING OF UPPER TIER II BONDS UNDER THE MEDIUM TERM NOTE PROGRAMME Further to our Press Release of 4th August, 2006 in respect of raising of USD150 million of 15- year subordinated Upper Tier II Bonds in the internationalmarket, we are pleased to inform that the Board of Directors of the Bank havepassed a resolution on 8th August, 2006 approving allotment of Bonds/ Noteshaving a nominal value of USD 100,000 each and thereafter in integral multiplesof USD 1000, aggregating to a sum of USD 15,00,00,000 to various internationalsubscribers as the Bank's Upper Tier II Bonds. The allotment or the settlementdate of the Bonds/ Notes will be 11th August, 2006 and the maturity date will be12th August, 2021. These Bonds/ Notes were issued at coupon rate of 7.25% andwill be listed on the Singapore Exchange w.e.f 11th August, 2006. You are requested to take the above on record. Yours faithfully, P. J. OzaCompany Secretary &Vice President (HR) This information is provided by RNS The company news service from the London Stock Exchange