New Issue: India’s Andhra Bank issues Rs. 5 billion 9.2% perpetual tier 1 bonds

By Tali Rackner

Minneapolis, Nov. 1 – Andhra Bank informed the Bombay Stock Exchange that it issued Rs. 5 billion of 9.2% unsecured nonconvertible Basel 3 complaint tier 1 capital perpetual debt bonds, series IV, according to a notice.

The issue opened for subscription, closed and was allotted on Oct. 31.

The bank is based in Hyderabad, India.

Issuer:	Andhra Bank
Issue:	Unsecured nonconvertible Basel 3 complaint tier 1 capital perpetual debt bonds, series IV
Amount:	Rs. 5 billion
Tenor:	Perpetual
Coupon:	9.2%
Call option:	After five years
Allotment date:	Oct. 31

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.