Tag: bond

Central Bank of India raised ₹1,500 crore via Basel III-Compliant Tier II Bonds on private placement basis at a coupon rate of 8.80 per cent. The public sector bank can exercise call option on these bonds, which have a tenor of 10 years, on or after 5 years from the date of allotment with prior approval of the RBI. Also read: Central Bank of India reports 78% jump in Q1 FY24 net profitAgainst the overall issue size of ₹1,500 crore (including base size of ₹500 crore and green...