By Sarah Lizee
Olympia, Wash., Oct. 24 – Andhra Bank notified the Bombay Stock Exchange that it sold Rs. 10 billion of 7.98% unsecured non-convertible redeemable Basel 3 compliant tier 2 bonds, series D.
The notes mature on Oct. 24, 2027 and are callable after five years, according to a notice.
The issue was open for subscription on Oct. 24 and closed on the same day.
The bank is based in Hyderabad, India.
| Issuer: | Andhra Bank
|
| Issue: | Non-convertible redeemable tier 2 bonds, series D
|
| Amount: | Rs. 10 billion
|
| Maturity: | Oct. 24, 2027
|
| Coupon: | 7.98%
|
| Call: | After five years
|
| Pricing date: | Oct. 24
|
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