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Allahabad Bank raises Rs 1500 crore via bonds

28 Dec 2019 Evaluate

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.

Allaha.Bank-Amalgama Share Price

15.15 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
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