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UBI eyes Rs 500 crore mop-up through Basel III bonds

Press Trust of India  |  New Delhi 

Public lender United of looks to raise up to Rs 500 crore through issuance of Basel III compliant bonds on private placement basis.

"The board of directors of the .. Approved issuance and allotment of unsecured Basel III compliant, listed, tier-2 bonds in the form of promissory note... With or without greenshoe option, aggregating up to Rs 500 crore on a private placement basis," the said in a regulatory filing.

The stock was trading at Rs 20, up 1.01 per cent, from its previous close, on the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 13 2017. 12:02 IST