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Our Bureau

Mumbai , Nov. 13

UTI Bank plans to raise Rs 200 crore (with an option to retain over-subscription) through upper tier II unsecured redeemable subordinated debentures. The face value and issue price of one debenture is about Rs 10 lakh.

The bonds have been rated "LAA'' by ICRA and "AA (ind)'' by Fitch, said a BSE notification.

The coupon rate is 9.35 per cent payable annually. The issue opens on November 13 and closes on November 22.

More Stories on : Corporate Bonds | Private Banks

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