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UTI Bank Limited (UTI)

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Friday 11 August, 2006

UTI Bank Limited

Issue of Debt

UTI Bank Limited
11 August 2006


August 11, 2006


      RAISING OF UPPER TIER II BONDS UNDER THE MEDIUM TERM NOTE PROGRAMME


Further to our Press Release of 4th August, 2006 in respect of raising of USD
150 million of 15- year subordinated Upper Tier II Bonds in the international
market, we are pleased to inform that the Board of Directors of the Bank have
passed a resolution on 8th August, 2006 approving allotment of Bonds/ Notes
having a nominal value of USD 100,000 each and thereafter in integral multiples
of USD 1000, aggregating to a sum of USD 15,00,00,000 to various international
subscribers as the Bank's Upper Tier II Bonds. The allotment or the settlement
date of the Bonds/ Notes will be 11th August, 2006 and the maturity date will be
12th August, 2021. These Bonds/ Notes were issued at coupon rate of 7.25% and
will be listed on the Singapore Exchange w.e.f 11th August, 2006.

You are requested to take the above on record.


Yours faithfully,

P. J. Oza
Company Secretary &
Vice President (HR)



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