Dena Bank raises Rs 200 cr via pvt placement of bonds

Public sector lender Dena Bank today said it has raised Rs 200 crore from bonds through private placement to augment resources and meet future capital adequacy ratio.

The funds were raised through lower Tier II bonds, Dena Bank informed the Bombay Stock Exchange.

The bonds are carrying a coupon rate of 9.5 per cent per annum and redeemable after 120 months from deemed date of allotment.

Dena Bank shares closed at Rs 32.20, up 2.88 per cent on the Bombay Stock Exchange.