Vijaya Bank to issue Rs 500-cr Tier-I bonds
 "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.
"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.
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First Published: Feb 23 2016 | 12:31 AM IST