Indian Bank to launch over $500 million infrastructure debt issue next week, MD says

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Indian Bank is raising 50 billion rupees through seven-year infrastructure bonds next week. This move aims to fund stronger credit growth and capital requirements. The bank is seeking longer-term funding as deposit rates have increased. Discussions with investors like the Employee Provident Fund Organisation are underway. This issuance marks the bank's return to the bond market after over 17 months.