Signals, Powered By EquityPandit
Central Bank of India has raised Rs 500 crore through issuance of Basel III complaint tier II bonds.
The bank has said in a regulatory filing that it will be offering an interest rate of 8.62 percent per annum to the bond holders.
The security instruments in the form of non-convertible redeemable unsecured Basel III complaint tier II bonds placed on a private placement consist 122 months maturity period.
