English
Specials
    Premium
    My Alerts
    MoneycontrolGo PRO @₹99
    Moneycontrol PRO
    Check Credit Score
    Check Credit Score
    HomeNewsBusinessCompanies

    Andhra Bank to raise Rs 1,000 cr from bonds

    State-owned Andhra Bank said it proposes to raise Rs 1,000 crore from bonds to fund expansion

    June 20, 2016 / 09:39 PM IST
     
     
    live
    • bselive
    • nselive
    Volume
    Todays L/H
    More

    State-owned Andhra Bank  said it proposes to raise Rs 1,000 crore from bonds to fund expansion.

    The bank is proposing to come out with 8.65 percent - 10 years (call option after 5 years) Unsecured Non-convertible Redeemable Basel- III Compliant Tier-2 Debt Bonds Series-C in the nature of debentures of Rs 10 lakh each for cash at par aggregating to Rs 1,000 crore, Andhra Bank said in a filing to the BSE.

    The issue shall be opened for subscription on June 22, and will close on June 27, it said.

    Tags: #Andhra Bank #Bonds #Business #debentures #Expansion #issue
    first published: Jun 20, 2016 09:30 pm

    Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347