×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Syndicate Bank to raise Rs300 crore from bonds

Syndicate Bank to raise Rs300 crore from bonds
PTI
Comment E-mail Print Share
First Published: Fri, Dec 26 2008. 07 04 PM IST
Updated: Fri, Dec 26 2008. 07 04 PM IST
Mumbai: State-run Syndicate Bank has said that it would raise Rs300 crore through bonds to meet capital requirement.
The fund would be raised from Tier II capital through issue of unsecured, non-convertible subordinated debt, Syndicate Bank informed the Bombay Stock Exchange (BSE).
The bond would carry a coupon rate of 8.6% payable annually, it said.
Shares of the bank closed at Rs61.95 at the BSE, down by 0.80% compared to the previous close.
Comment E-mail Print Share
First Published: Fri, Dec 26 2008. 07 04 PM IST