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Andhra Bank informs about closure of debt bonds issue

28 Jun 2016 Evaluate

With reference to the earlier letter dated June 20, 2016, Andhra Bank has now informed about the issuance of Unsecured Non-convertible Redeemable Basel - III Compliant 8.65% Tier - 2 Bonds (Series - C) in the nature of Debentures for an amount of Rs 1000 Crores on private placement basis. The said issue was opened for subscription from June 22, 2016 and closed on June 27, 2016. The Bank has received subscriptions of Rs 1000 Crores towards the subject issue. The deemed date of allotment was 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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