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UCO Bank bonds

Our Bureau

Kolkata , Jan. 20

UCO Bank proposes to privately place bonds aggregating Rs 250 crore, including a greenshoe option of Rs 50 crore.

The issue, rated CARE AA and AA (Ind) by CARE and Fitch Ratings respectively, will close on January 29. The bonds will have a tenor of 111 months and bear a coupon of 7.25 per cent, a press release issued by the bank has mentioned.

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