Latest News | Indian Bank Raises Rs 2,000 Cr by Issuing Bonds
Get latest articles and stories on Latest News at LatestLY. State-owned Indian Bank on Wednesday said it has raised Rs 2,000 crore by issuing Basel-III compliant bonds.
New Delhi, Jan 13 (PTI) State-owned Indian Bank on Wednesday said it has raised Rs 2,000 crore by issuing Basel-III compliant bonds.
The bank has raised tier-2 capital fund through private placement of Basel-III compliant tier-2 bonds, Indian Bank said in a regulatory filing.
The coupon on the bonds is 6.18 per cent per annum payable annually.
"The issuance/placement of said bonds has been completed by the bank through BSE-EBP (bond platform)," it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)