Indian Bank raises Rs 290 crore via bonds | | Udaipur News | Udaipur Latest News | udaipur local news । Udaipur Updates
Home / BUSINESS / Indian Bank raises Rs 290 crore via bonds

Indian Bank raises Rs 290 crore via bonds

Indian Bank has successfully raised funds worth Rs 290 crore under Basel III Compliant Tier 2 Bonds on October 30, 2018 with a coupon rate of 8.90% p.a., tenor at 10 years and call option after completion of 5 years, on private placement basis. The credit rating agency, CRISIL has assigned ‘AAA/Stable’ rating and CARE has assigned ‘AAA’ rating for the instruments.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.

Please share this news