Board of South Indian Bank approves private placement of bonds aggregating Rs 500 cr

At meeting held on 24 January 2020

Jan 24, 2020 10:01 IST capital market

The Board of South Indian Bank has approved the allotment of 50,000 nos. of rated, unsecured, perpetual, non-convertible, Basel III compliant Tier I subordinated bonds in the nature of debentures bearing a face value of Rs 1 lakh only each aggregating to Rs 500 crore on private placement basis.

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