Allahabad Bank to raise Rs 500 cr via bonds
New Delhi | Saturday, Nov 21 2009 IST
 

Allahabad Bank today said it plans to raise Rs 500 crore through the issue of upper-tier II bonds.

The bonds will carry a coupon rate of 8.58 per cent per annum for first 10 years and step up coupon rate of 9.08 per cent per annum for last five years, the Bank said in a statement.

However, it did not mention any specific date and any details relating to the issue of bonds.

-- (UNI) -- 21DC3.xml

 

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