Debabrata Sarkar, CMD of Union Bank of India said they are looking to raise perpetual bonds worth Rs 1500 crore. Taking into consideration the Basel III committee recommendations, a mix of tier II bonds along with perpetual bonds may help them raise capital in the December quarter itself
Tata Steel Friday said it has raised Rs 1,500 crore through perpetual bonds.
Tata Steel, the world's seventh-largest steelmaker, plans to sell Rs 1,500 crore (USD 332 million) of perpetual bonds, two sources with direct knowledge said, marking the first ever issuance of hybrid corporate bonds in India.