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    HomeNewsBusinessIndian Bank raises Rs 2,000 crore by issuing bonds

    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.

    PTI
    January 14, 2021 / 08:10 IST
    Indian Bank | The bank raised Rs 2,000 crore via bonds at 6.18 percent Coupon rate.
       
       
      26 Aug, 2025 12:21
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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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