Allahabad Bank raises Rs 500 crore on private placement basis

Allahabad Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532480 | NSE: ALBK

30 Dec 2017 Evaluate

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.

Peers

Company Name	CMP
State Bank Of India	977.00
PNB	117.35
Bank Of Baroda	234.35
Canara Bank	125.35
Union Bank Of India	178.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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