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Andhra Bank planning to raise Rs 500 crore

27 Oct 2017 Evaluate

Andhra Bank is planning to issue 9.20% Unsecured, Non Convertible, Basel III Compliant Additional Tier -1 Capital Perpetual Debt Bond in the nature of Debentures (Series-IV) of Rs 10 lakh each for cash at par of Rs 300 crore with green shoe option of Rs 200 crore aggregating to Rs 500 crore. The said issue will be opened for subscription on October 31, 2017 and will be closed on the same day, with the allotment date being October 31, 2017.

Andhra Bank offers a wide range of services such as Retail banking, Agriculture, MSME, Corporate, NRI services and Personal banking services etc.



Andhra Bank-Amalgama Share Price

15.55 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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