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Wednesday, November 11, 2009

IDBI Bank to sell upto 5 bln rupees of bonds

IDBI Bank will start selling up to 5 billion rupees of upper Tier-II bonds on Thursday, two sources with knowledge of the matter said on Wednesday.The 15-year bonds carry a coupon rate of 8.90 percent, they added.The issue has a core size of 2.5 billion rupees and a greenshoe option to retain another 2.5 billion rupees. It is scheduled to close on Nov. 20.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
02:20 Fed's Hammack speech 2
03:00 Fed's Kashkari speech 2
04:31 RICS Housing Price Balance 1 2% 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
18:00 Building Permits (MoM) 1 -0.8% -3.2%
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