MoneyWorks4Me

Andhra Bank informs about company updates

21 Jun 2016 Evaluate

Andhra Bank has informed that the Bank is proposing to come out with 8.65% - 10 years (call option after 5 years) Unsecured Non-convertible Redeemable Basel- III Compliant Tier-2 Debt Bonds Series-C in the nature of Debentures of Rs 10 lakh each for cash at par aggregating to Rs 1000 Crores. The issue shall be opened for subscription on June 22, 2016 and will close on June 27, 2016 with the deemed date of allotment shall be June 27, 2016.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 963.90
PNB 122.25
Bank Of Baroda 237.50
Canara Bank 120.05
Union Bank Of India 181.05
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