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

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

Also Read

Bond yields fall on short-covering; market still hopes for index inclusion

Bond yields ease as MPC minutes hint at slower interest rate hikes

Average cut-off yield spikes by 12 bps to 7.84% at state bond action

SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times

Invest in long-term debt? Dynamic bond fund managers on the fence

RBI doing it right on rate hikes, need more: IMF economist Luis Breuer

Central Banking publication names Shaktikanta Das governor of the year

Banks from 18 countries get RBI's nod to trade in rupee: Centre in RS

Loan disbursals by digital lenders double in Q3 amid new RBI norms: Report

Will Vladimir Putin attend India G20 summit? Russia clears diary

First Published: Mar 16 2023 | 6:18 PM IST

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to