UCO Bank trades in green on raising Rs 400 crore through bonds

UCO Bank is currently trading at Rs. 11.89, up by 0.05 points or 0.42% from its previous closing of Rs. 11.84 on the BSE.

UCO Bank
UCO Bank

The scrip opened at Rs. 11.85 and has touched a high and low of Rs. 11.94 and Rs. 11.85 respectively. So far 96046 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 15.85 on 30-Jun-2021 and a 52 week low of Rs. 10.60 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 12.04 and Rs. 11.76 respectively. The current market cap of the company is Rs. 14251.50 crore.

The promoters holding in the company stood at 95.39%, while Institutions and Non-Institutions held 1.35% and 3.26% respectively.

UCO Bank has raised Rs 400 crore through private placement of 8.51% Basel III Compliant Unsecured Redeemable Taxable Tier II bond having face value of Rs 1 crore each. Maturity date of the said bond will be March 23, 2032.

UCO Bank is a commercial bank and a Government of India Undertaking.

The Bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.

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