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Vijaya Bank plans to raise Rs 750 crore via bonds issue

08 Nov 2016 Evaluate

Vijaya Bank has intended to raise Tier 1 Capital through Private Placement of Basel III Complaint Additional Tier 1 Bonds of 10.00 lakh each at par aggregating to Rs 750 crore. The proposed Bonds Issue has been rated as ‘AA-’ by CARE ratings and ‘AA-’ by ICRA.

Vijaya Bank offers various products and services specific to various segments such as it has saving accounts for children, scheme for women clientele, credit facilities to minority communities like Zoroastrians, Buddhists are among others.

Peers
Company Name CMP
State Bank Of India 961.90
PNB 112.50
Bank Of Baroda 227.90
Canara Bank 120.90
Union Bank Of India 171.80
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