IDBI Bank has decided to raise funds through issue of Basel III Compliant Tier 2 Bonds for aggregate total issue size of Rs 1000 crore, with a base size of Rs 500 crore and a Green Shoe option to retain oversubscription up to Rs 500 crore.
The bids for the above issuance would be invited on Electronic Bidding Platform (EBP) of BSE Bond and bidding window shall remain open on March 27, 2020.
IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.
