The coupon rate – or the rate of interest paid to investors – was set at 8.34%, the country’s largest lender said. The securities, which are perpetual bonds, have a call option after 10 years and every anniversary thereafter.
Samir Arora cautioned investors not to get overly excited by CLSA’s increased allocation to India. He believes that investors were shifting to the US, not
Over the past week, the benchmark index fell by about 2.4%, while the BSE Smallcap index plunged 4.6%. Amid significant smallcap losses, ETMarkets identified the
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