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Prospect News home > News index > List of issuers V > Headlines for Vijaya Bank > News item
Published on 1/22/2016 in the Prospect News Emerging Markets Daily.

India’s Vijaya Bank issues Rs. 4.5 billion in 8.64% tier II bonds

By Tanya Meyer

Chicago, Jan. 22 – Vijaya Bank announced it has issued Rs. 4.5 billion in Basel III compliant tier II bonds at a coupon rate of 8.64%, according to a filing with the Bombay Stock Exchange.

The bank, with the approval of its board of directors, originally planned to issue Rs. 5 billion in Basel III compliant tier II bonds on a private placement basis.

Vijaya Bank is a Bengaluru, India-based savings and loan, personal banking company.


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