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Updates

| Updated on February 02, 2018 Published on June 27, 2017

This is further to our letter dated June 20, 2017. The Committee of Executive Directors of the Bank at its meeting held today has approved the allotment of 21,470 Senior Unsecured Redeemable Long Term Bonds in the nature of Debentures aggregating INR 21.47 billion on private placement basis, deemed date of allotment being June 27, 2017. The notes were issued in two tranches-INR 4.00 billion maturing in 7 years at a coupon of 7.42% p.a. payable annually and INR 17.47 billion maturing in 10 years at a coupon of 7.47% p.a. payable annually. The notes were issued at par. The bonds would be listed in the Wholesale Debt Market segment of BSE Limited and/or National Stock Exchange of India Limited.

The bonds are rated CARE AAA/Stable by Credit Analysis & Research Limited and [ICRA] AAA/Stable by ICRA Limited.

Pdf Link: Updates

Source : BSE - www.bseindia.com

Published on June 27, 2017
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