 "IDBI Bank raises Rs 1,900 cr via Basel-III compliant bonds")
Public sector lender IDBI Bank today said it has raised Rs 1,900 crore through two separate Basel-III complaint tier-II bonds on private placement basis.
The funds would help the bank to augment its capital adequacy ratio by about 55 basis points, a statement issued here said.
The first issue of Rs 1,000 crore that concluded on December 31 was for a tenor of 15 years, with call option at the end of 10 years.
The second issue of Rs 900 crore concluded on January 2, with a tenor of 10 years.
Both the issues carry a coupon of 8.62 per cent per annum payable annually, the bank said.
In December, country's largest lender State Bank of India (SBI) had raised Rs 4,000 crore by issuing tier-II bonds on private placement basis under the Basel-III norms.
Last week, another state-run lender Bank of India raised Rs 3,000 crore by issuing Basel-III compliant tier-II bonds.
Others lenders like Yes Bank, Canara Bank have also raised Rs 1,500 crore each by issuing Basel-III compliant tier-II bonds.
The funds would help the bank to augment its capital adequacy ratio by about 55 basis points, a statement issued here said.
The first issue of Rs 1,000 crore that concluded on December 31 was for a tenor of 15 years, with call option at the end of 10 years.
The second issue of Rs 900 crore concluded on January 2, with a tenor of 10 years.
Both the issues carry a coupon of 8.62 per cent per annum payable annually, the bank said.
In December, country's largest lender State Bank of India (SBI) had raised Rs 4,000 crore by issuing tier-II bonds on private placement basis under the Basel-III norms.
Last week, another state-run lender Bank of India raised Rs 3,000 crore by issuing Basel-III compliant tier-II bonds.
Others lenders like Yes Bank, Canara Bank have also raised Rs 1,500 crore each by issuing Basel-III compliant tier-II bonds.
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