The coupon rate on the bonds with a tenor of 10 years is fixed at 8.52 per cent.
"Bank has raised Rs 3,000 crore by issue of Basel-III complaint tier-II bonds. The coupon rate is 8.52 per cent and tenor is 10 years," the bank said in a regulatory filing.
A Fitch Ratings report earlier this month had said that banks in India will need about USD 140 billion to ensure full compliance with the Basel III norms by 2018-19.
Share of the bank today closed at Rs 117.10 on BSE, up 1.87 per cent from the previous close.
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