State property Central Bank of India will raise this fiscal amount to ₹1,500 crore by issuance Basel III conforming bonds. The decision was made Monday at the bank’s board meeting.
The board of directors considered and approved raising capital through the issuance of non-convertible, callable, unsecured Tier II-compliant Basel III-compliant bonds in an amount of up to ₹1,500 crore, the bank said in a filing.
The board of directors considered and approved raising capital through the issuance of non-convertible, callable, unsecured Tier II-compliant Basel III-compliant bonds in an amount of up to ₹1,500 crore, the bank said in a filing.
The base issue size is ₹500 crore with green shoe option up to ₹1,000 crore.
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Shares of the Central Bank of India settled 4.93 percent higher at ₹30.85 each on
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