IDBI bank to issue additional tier-I bonds to raise Rs 1,500 crore

IDBI bank to issue additional tier-I bonds to raise Rs 1,500 crore
The bonds will be allotted by the bank from August 30. Photo: Zee Business Webdesk

IDBI bank announced on Wednesday issuance of an additional tier-I bonds in order to raise Rs 1,500 crore.

"IDBI Bank proposes to issue an additional tier-I bond amounting to Rs 1,500 crore," the company said in a statement.

The bonds will be allotted by the bank from August 30.

Shares of of IDBI Bank closed down 0.14% at Rs 71.90 on BSE, ahead of the announcement.

 

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Written By: ZeeBiz WebTeam
Updated: Wed, Aug 24, 2016
09:52 PM IST
Mumbai, ZeeBiz WebDesk

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