By Tali Rackner
Norfolk, Va., Feb. 27 – Central Bank of India informed the Bombay Stock Exchange that it priced Rs. 5 billion of 8.62% Basel III-compliant non-convertible redeemable unsecured tier 2 bonds in the form of promissory notes.
The notes have a maturity of 122 months.
The board approved the private placement at a meeting on Feb. 9.
Central Bank of India is a commercial bank based in Mumbai.
| Issuer: | Central Bank of India
|
| Amount: | Rs. 5 billion
|
| Description: | Basel III-compliant non-convertible redeemable unsecured tier 2 bonds in the form of promissory notes
|
| Coupon: | 8.62%
|
| Tenor: | 122 months
|
| Approval date: | Feb. 9
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
