From THE HINDU group of publications
Sunday, February 11, 2001
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From THE HINDU group of publications Sunday, February 11, 2001 |
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IDBI Bond Repayment
The Industrial Development Bank of India has announced that the 8.75 per cent IDBI Bonds 2001 (32nd series) will be repayable at par on March 7, 2001.
The payment would be along with interest up to March 6, 2001. No interest will accrue after March 6, 2001. Investors who hold the bonds in the form of promissory notes will have to tender them at the office of IDBI where they were last enfaced.
To help make the repayment in time, IDBI has asked investors to do this before February 20, 2001. The promissory notes tendered for repayment should be duly discharged by the holders on the reverse of the note. The following should be written along with the signature of the holder or his authorised attorney: Received the principal on this bond. That would be the way to get back the cash invested. - BL Research Bureau
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