The Hindu Business Line : ING Vysya to raise tier-two capital

The board of Directors of ING Vysya Bank has approved the raising of upper tier two capital through unlisted yen denominated bonds from the parent ING N V. A stock exchange notification from the bank said the amount would be equivalent to Rs 100 crore and the bond would have a tenure of 15 years with a call option at the end of 10 years. ING is the first bank to raise capital funds through Yen bonds.

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