The bank will use the funds raised to strengthen its capital adequacy.
"IDBI Bank has mobilised Rs 1,000 crore today through issue of Basel III compliant additional tier-I bonds on private placement basis to strengthen the bank's capital adequacy," it said in a regulatory filing.
The 'IDBI Omni Additional Tier I Bond 2016-17 Series II' are unsecured, non-convertible perpetual bonds which will qualify as additional Tier-I capital.
The bonds are listed A+/Negative by ICRA and India Ratings.
The issue size was of Rs 500 crore with an option to retain over-subscription of up to Rs 500 crore.
IDBI Bank stock closed 2.94 per cent down at Rs 74.30 on BSE today.
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