Allahabad Bank has raised Tier 2 Capital Fund through private placement of Basel III compliant Tier 2 Bonds aggregating to Rs 1500 crore at a coupon of 9.53% p.a. payable annually. The said Tier 2 Bonds Series IV has a tenor of 10 years with call option after five years.
Allahabad Bank is a nationalized bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.
| Company Name | CMP |
|---|---|
| SBI | 1066.70 |
| PNB | 111.70 |
| Canara Bank | 140.10 |
| Bank Of Baroda | 276.00 |
| Union Bank Of India | 189.00 |
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