Vijaya Bank raises Rs 500 cr via bonds
The bank has shareholders nod to raise additional equity capital of Rs 600 crore from the markets
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Vijaya Bank has augmented its Tier-II capital by raising Rs 500 crore through an issue of unsecured redeemable non-convertible Basel-III compliant Tier-II bonds with a coupon rate of 9.15% per annum. The issue was fully subscribed and allotment was made today.
The bank's scrip closed 0.85% higher at Rs 47.25 per share on BSE.
The bank has shareholders nod to raise additional equity capital of Rs 600 crore from the markets.
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First Published: Oct 30 2014 | 8:20 PM IST