 "Vijaya Bank to issue Rs 500-cr Tier-I bonds")
Public sector Vijaya Bank on Monday said it would issue additional Tier-I bonds to raise Rs 500 crore.
"The bank has decided to raise additional Tier-I bonds (series-III) amounting to Rs 500 crore," it said in a filing on the BSE.
The bank did not give any further details about usage of the proceeds.
Shares of the bank closed at Rs 31 apiece on the BSE on Monday, down 0.8 per cent from the previous level.
"The bank has decided to raise additional Tier-I bonds (series-III) amounting to Rs 500 crore," it said in a filing on the BSE.
The bank did not give any further details about usage of the proceeds.
Also Read
Besides, it said rating firm ICRA has given a negative outlook to the proposed bonds with AA- rating. CARE, too, has given the same rating to the issue.
Shares of the bank closed at Rs 31 apiece on the BSE on Monday, down 0.8 per cent from the previous level.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%