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 Money & Banking - Corporate Bonds
UTI Bank plans to raise Rs 100 cr

Our Bureau

Mumbai, Jan. 2

UTI Bank Ltd plans to raise Rs 100 crore through Upper Tier II unsecured redeemable subordinated debentures, with an option to retain over-subscription. The debenture carries a coupon rate of 9.50 per cent per annum. The face value and issue price is at Rs 10 lakh per debenture. The issue has been rated "LAA" by ICRA and "AA (ind)" by FITCH.

Karvy Computershare Pvt Ltd is the Registrar and Transfer Agent. The issue opened on December 30 and will close on January 20.

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