Mumbai: Pubilc-sector lender, IDBI Bank
on Friday announced the repayment of its 11.50 per cent IDBI SLR
Bonds 2009, 55th series on Jauary 9, 2010.
No interest will, therefore, accrue on the bonds
after January 8,2010 and no request for transfer will be
allowed after December 9, 2009 the bank said in a press
release here.
Investors holding the bonds in the form of promissory
notes may tender its at the concerned branch of IDBI Bank by
December 9, 2009, to facilitate the repayment in time, the
release said.
Investors, having investment in the form of
entry-in-account with IDBI Bank, should furnish a receipt in
the prescribed form.
For those who held the bonds in demat form, the bonds
will automatically be debited and the redemption proceeds will
be sent to the investors, the release said.
PTI
First Published: Friday, November 20, 2009, 18:21