December 19, 2017 / 10:17 AM / in 9 months

BRIEF-MCB Group obtains approval to proceed with 2 bln rupees notes issue

Dec 19 (Reuters) - MCB GROUP LTD:

* SAYS OBTAINED APPROVAL OF RELEVANT AUTHORITIES TO PROCEED WITH ISSUE OF 2 BILLION RUPEES FLOATING RATE UNSECURED NOTES DUE 2023

* INTEREST RATE PAYABLE AS FROM ISSUE DATE IN RESPECT OF NOTES SHALL BE KEY REPO RATE, WHICH AT THE DATE OF THE PROSPECTUS IS 3.50% Source text for Eikon: [ID:bit.ly/2Bxu66m] Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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