 "Vijaya Bank to issue Rs 500-cr Tier-I bonds")
Public sector Vijaya Bank on Monday said it would issue additional Tier-I bonds to raise Rs 500 crore.
"The bank has decided to raise additional Tier-I bonds (series-III) amounting to Rs 500 crore," it said in a filing on the BSE.
The bank did not give any further details about usage of the proceeds.
Besides, it said rating firm ICRA has given a negative outlook to the proposed bonds with AA- rating. CARE, too, has given the same rating to the issue.
Shares of the bank closed at Rs 31 apiece on the BSE on Monday, down 0.8 per cent from the previous level.
