UTI Bank to raise USD 150 mn for its Upper Tier II Bonds

Mumbai, Aug 11 (UNI) The Board of UTI Bank has approved allotment of Bonds worth USD 150 million to various international subscribers as the Bank's Upper Tier II Bonds.

Announcing this to the Bombay Stock Exchange today, the Bank said the above decision was made at the meeting of its Board of Directors on August 08, 2006.

Accordingly, the allotment or the settlement date of the Bonds/Notes will be August 11, 2006 and the maturity date will be August 12, 2021. These Bonds/Notes were issued at coupon rate of 7.25 per cent and will be listed an the Singapore Exchange with effect from August 11, 2006.

UNI SN WD SKB1903