Money & Banking

State Bank of Mysore raises Rs 200 cr via tier-II bonds

PTI New Delhi | Updated on January 19, 2018 Published on January 19, 2016

Public sector lender State Bank of Mysore today said it has raised Rs 200 crore by issuing Basel-III compliant bonds.

“The bank has on January 18, 2016 raised Rs 200 crore of non-convertible, redeemable, unsecured, Basel III Compliant Tier 2 Bonds, for inclusion in tier 2 capital of the bank, in the nature of debentures of face value of Rs 10 lakh each at par aggregating Rs 200 crore,” State Bank of Mysore said in a BSE filing.

Shares of State Bank of Mysore were trading at Rs 407.20, up 1.70 per cent from previous close on BSE in the afternoon trade.

Published on January 19, 2016
This article is closed for comments.
Please Email the Editor