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Prospect News home > News index > List of issuers A > Headlines for Allahabad Bank > News item
Published on 12/22/2015 in the Prospect News Emerging Markets Daily.

India’s Allahabad Bank issues Rs. 10 billion in tier II bonds

By Tanya Meyer

Chicago, Dec. 22 – Allahabad Bank informed the Bombay Stock Exchange that it has issued Rs. 10 billion in Basel III compliant tier II bonds on a private placement basis.

The bonds are eligible for inclusion in the tier II capital of the bank, according to a news release.

Allahabad Bank is a Kolkata, India-based nationalized bank.


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