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UTI Bank Limited (UTI)

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Tuesday 26 June, 2007

UTI Bank Limited

Issue of Debt

UTI Bank Limited
26 June 2007




        UTI Bank raises Upper Tier -II Capital from International Market


UTI Bank has raised USD 60 million of hybrid capital through the issuance of
Upper Tier -II in the international market as a part of its MTN programme for
Euro 2 billion. It had earlier raised USD 150 million through the issuance of
Upper Tier II bonds in August 2006 and Hybrid Tier - I bonds of USD 46 million
in November 2006. BNP Paribas, Singapore has acted as the sole arranger for this
transaction.


Transaction Details:

 • Amount: USD 60 million
 • Security: 15 NC 10 Upper Tier -II Subordinated Debt.
 • Security Ratings: Baa2 (Moodys)
 • Maturity Date: 28 June 2022
 • Issuer Call Option : At par on 28 June 2017 and every coupon date thereafter.
 • Coupon: 7.1250 %
 • Yield to Investor : 7.1780 %
 • Re-offer Spread tp Mid Swap : 10 yr USD Mid Swap + 145 Bps
 • Re-offer Spread to Benchmark: 10 yr US Treasury  + 203.4 Bps
 • Step-Up: Floating rate step-up of 245 bps over 6 month USD Libor.
 • Trade Date: 19 June 2007
 • Settlement Date: 28 June 2007




                      This information is provided by RNS
            The company news service from the London Stock Exchange