Indian Bank raises Rs 2,000 cr by issuing bonds
- Country:
- India
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.
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