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UCO Bank raises Rs 500 crore in AT1 bonds at 9.5%, highest rate in FY23

AT1 bonds are a means by which banks augment core equity capital

Bhaskar Dutta Business Standard Mumbai
UCO Bank
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State-owned UCO Bank on Thursday sold additional tier-1 (AT1) bonds worth Rs 500 crore at a coupon rate of 9.5 per cent, the highest rate paid by any bank so far in the current financial year, sources
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First Published: Mar 16 2023 | 6:18 PM IST

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