VERIFIEDEconomic Times News·6 Aug 2026neutral

Indian Bank raising $400 million in overseas loan; syndication underway

AI Summary

·Indian Bank is raising a $400 million, four-year overseas loan.
·The loan is underwritten by CTBC of Taiwan and Commerzbank of Germany.
·Pricing for the loan is set between 119 and 123 basis points over the SOFR rate.