Vijaya Bank raises Rs 500 cr via bonds
The bank has shareholders nod to raise additional equity capital of Rs 600 crore from the markets
 "Vijaya Bank raises Rs 500 cr via bonds")
Vijaya Bank has augmented its Tier-II capital by raising Rs 500 crore through an issue of unsecured redeemable non-convertible Basel-III compliant Tier-II bonds with a coupon rate of 9.15% per annum. The issue was fully subscribed and allotment was made today.
The bank's scrip closed 0.85% higher at Rs 47.25 per share on BSE.
The bank has shareholders nod to raise additional equity capital of Rs 600 crore from the markets.