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| Exchange Received Time 20/03/2018 20:13:39 Exchange Disseminated Time 20/03/2018 20:13:45 Time Taken 00:00:06 | This is further to our letter dated February 6, 2018. The Committee of Executive Directors of the Bank at its meeting held today has approved the allotment of 40,000 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in the nature of debentures aggregating INR 40.00 billion on private placement basis, date of allotment being March 20, 2018. The notes carry a coupon of 9.15% p.a. payable annually and were issued at par. The bonds would be listed in the Wholesale Debt Market segment of BSE Limited and/or National Stock Exchange of India Limited.
The bonds are rated CARE AA+; Stable by Credit Analysis & Research Limited and [ICRA]AA+ (hyb) by ICRA Limited.
We request you to kindly take note of the above information on record. |
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