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Indian Bank raises Rs 2,000 crore by issuing 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.

January 14, 2021 / 08:10 AM IST
Indian Bank | The bank raised Rs 2,000 crore via bonds at 6.18 percent Coupon rate.

Indian Bank | The bank raised Rs 2,000 crore via bonds at 6.18 percent Coupon rate.

 
 
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State-owned Indian Bank 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.
PTI
first published: Jan 14, 2021 08:13 am

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