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State Bank of Mysore raises Rs 200 cr via tier-II bonds

Shares of the bank were trading at Rs 401.10, up 0.17% from previous close on BSE

Press Trust of India  |  New Delhi 

State Bank of Mysore
State Bank of Mysore. Photo: Wikipedia

Public sector lender State Bank of Mysore today said it has raised Rs 200 crore by issuing Basel-III compliant bonds.

"The bank has on January 18, 2016 raised Rs 200 crore of non-convertible, redeemable, unsecured, Basel III Compliant Tier 2 Bonds, for inclusion in tier 2 capital of the bank, in the nature of debentures of face value of Rs 10 lakh each at par aggregating Rs 200 crore," State Bank of Mysore said in a BSE filing.

Shares of State Bank of Mysore were trading at Rs 401.10, up 0.17% from previous close on BSE in the afternoon trade.

First Published: Tue, January 19 2016. 13:56 IST
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