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ANDHRA BANK - Updates
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26 Oct 2017
We refer to our letter no. 666/25/P.30/104 dated 16.05.2017 informing about the Capital Raising Plan of the Bank by way of Equity/ Tier 1/ Tier 2 Bonds. In this regard, we wish to inform you that the Bank is issuing 9.20% Unsecured, Non Convertible, Basel III Compliant Additional Tier -1 Capital Perpetual Debt Bond In The Nature of Debentures (Series-IV) of Rs. 10 lakh each for cash at Par of Rs. 300 Crores with green shoe option of Rs. 200 Crores aggregating to Rs. 500 Crores. The said issue will be opened for subscription on 31.10.2017 and will be closed on the same day, with the allotment date being 31.10.2017.
View all announcements for ANDHRA BANK Source: BSE India