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.