Live
- YS Jagan Highlights YSRCP govt. Achievements in Nagari Election Campaign
- Thomas Cook India launches 'TCPay' for international money transfers
- SC disposes of Hemant Soren’s plea seeking interim release
- ‘HanuMan’ conquers the small screen, achieves record-breaking TRP rating
- Suspected thief falls from terrace in Delhi, dies
- Heavy rain in Bengaluru to ease water crisis
- ‘We feel unsafe in AIFF’, female staff levels serious charges against senior Federation officials
- BC Spiritual Meeting in Polavaram Constituency Draws Support for Jagan's Administration
- In 35 cases, the police caught the thief who was stealing in broad daylight
- Chandrababu Naidu flays YCP govt., asks people to vote for TDP for development
Bank of India raises 3k cr via bonds
Highlights
Public sector lender Bank of India on Friday said it has raised Rs 3,000 crore by issuing Basel-III compliant tier-II bonds.The coupon rate on the bonds with a tenor of 10 years is fixed at 8.52 per cent.
New Delhi: Public sector lender Bank of India on Friday said it has raised Rs 3,000 crore by issuing Basel-III compliant tier-II bonds.The coupon rate on the bonds with a tenor of 10 years is fixed at 8.52 per cent.
“Bank has raised Rs. 3,000 crore by issue of Basel-III compliant tier-II bonds. The coupon rate is 8.52 per cent and tenor is 10 years,” the bank said in statement. A Fitch Ratings report earlier this month had said banks in India will need about $140 billion to ensure full compliance with the Basel-III norms by 2018-19.
The Basel-III capital regulation has been implemented from April 1, 2013 in phases, to be fully implemented by March 31, 2019.
Next Story
ADVERTISEMENT
