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Indian Bank - Announcement under Regulation 30 (LODR)-Raising of Funds

| Updated on January 22, 2019 Published on January 22, 2019

The Bank has successfully raised Rs.600 crore under Basel III Compliant Tier 2 Bonds on 22.01.2019 with a coupon rate of 8.53% p.a., tenor at 10 years with call option after completion of 5 years, on private placement basis. The credit rating assigned is CRISIL AAA/Stable and CARE AAA .

Pdf Link: Indian Bank - Announcement under Regulation 30 (LODR)-Raising of Funds

Source : BSE - www.bseindia.com

Published on January 22, 2019
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