The issue of Basel
III-compliant additional tier 1 bonds
(private placement) was opened on September 16, 2016, for one day.
"The issue was fully subscribed to the extent of Rs 1,000 crore and bonds
were allotted on September 16, 2016," the bank said in a regulatory filing.
The issue has been rated as A+ with stable outlook by India
Ratings and A+ (Hybrid) with negative outlook by Icra, it said.
Being implemented in phases since April 1, 2013, Indian banks
are expected to fully comply with Basel
III standards by March 2019 to improve and strengthen their capital planning processes.
The norms are being implemented to soothe concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks.
Shares of the bank closed 1.16 per cent higher at Rs 126.80 on BSE.