MoneyWorks4Me

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.



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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