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

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.