NEWSALERT: Allahabad Bank to raise Rs 500 cr via upper Tier II bonds

Allahabad Bank is planning to come out with upper Tier II Bonds (Series II) amounting to Rs 500 crore shortly with a coupon rate 8.58 per cent per annum for first 10 years and step up coupon rate of 9.08 per cent per annum for last 5 years.

Details awaited...