Indian banks raise 13.5 bln rupees via CDs

MUMBAI, Nov 4 (Reuters) - Indian banks on Tuesday raised 13.5 billion rupees via Certificates of Deposit on Wednesday, Thomson Reuters data showed.

Bank of Baroda (BOB.BO: Quote, Profile, Research) raised 5 billion rupees via one-year notes at a coupon of 5.6 percent. United Bank of India raised 4 billion rupees through sale of three-month notes at 3.55 percent.

Andhra Bank (ADBK.BO: Quote, Profile, Research) raised 3 billion rupees via sale of one-year notes at 5.7650 percent. Central Bank of India (CBI.BO: Quote, Profile, Research) sold notes maturing in May 2010 worth 1 billion rupees at 4.77 percent.

State Bank of Travancore raised 500 million rupees via sale of notes maturing in May 2010 at 5.53 percent.

The yield on the Reuters benchmark 3-month CD <0#INCDBMK=> eased to 3.50 percent from Tuesday's 3.55 percent, and secondary volumes was steady at 4.50 billion rupees.

On Tuesday, banks raised 7 billion rupees via CD issuances.

For the week to Oct. 30, total CD issuance amounted to 46.25 billion rupees, compared with 21.5 billion a week earlier, while secondary volumes were 22.9 billion rupees versus 12.9 billion rupees.

A total 107.25 billion rupees of CDs were issued in October, compared with 238.9 billion in September, while October secondary volumes were 96.6 billion rupees versus 71.55 billion. (Reporting by Anurag Joshi; editing by Sunil Nair)