Allahabad Bank has successfully raised Additional Tier 1 (AT 1) capital of Bank through Private Placement of AT 1 Perpetual Bonds Series IV aggregating to Rs 500 crore at an annual coupon of 10.00% p.a., discovered through Electronic Bidding Mechanism of NSE (NSE EBP).
Earlier, the Bank had received an approval for raising Additional Tier 1 capital of the Bank aggregating up to Rs 2,000 crore through Private Placement in one or more tranches during FY 2017-18.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.
| Company Name | CMP |
|---|---|
| SBI | 979.65 |
| PNB | 105.65 |
| Bank Of Baroda | 271.35 |
| Canara Bank | 133.00 |
| Union Bank Of India | 166.55 |
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