The bonds -- with a maturity of 80 months -- carry a coupon rate of 12.60 per cent payable annually. The bank closed the issue on the first day itself.

Meanwhile, the bank has revised its rate of interest on domestic term deposits. The rate of interest for deposits from 15 days to 29 days has been increased by 50 basis points. Rates for other short-term maturities up to one year have been reduced by 50 basis points. The maximum rate of interest has been brought down from 11 per cent to 10.5 per cent. The interest rates for deposits over one year to two years, two to three years and three to five years remain unchanged.