The Hindu Business Line : Vijaya Bank’s Rs 200-cr bond issue

Vijaya Bank has raised Rs 200 crore of lower Tier-II capital through subordinated bonds. The subordinated bonds were fully tied-up within few hours of the opening of subscription, a release issued by the bank here said. These bonds have been rated AA+ by rating agencies CARE and FITCH, indicating high safety for timely servicing of debt obligations. Vijaya Bank had in March this year raised upper Tier-II bonds of Rs 300 crore. The release also said that the bank had a capi tal adequacy of 11.21 per cent as of end-March 2007 and was gearing up to be Basel-II compliant by September 2008, ahead of the RBI stipulated due date. —

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