By Wendy Van Sickle
Columbus, Ohio, March 24 – Jammu & Kashmir Bank Ltd.’s Basel bond committee allotted Rs. 5 billion of unsecured redeemable nonconvertible bonds, according to a Friday notice with the Bombay Stock Exchange.
Proceeds of the Basel III-compliant bonds will augment the bank’s tier 2 capital.
The bank’s headquarters are in Srinagar, India.
Issuer: | Jammu & Kashmir Bank Ltd.
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Issue: | Unsecured redeemable nonconvertible bonds
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Amount: | Rs. 5 billion
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Face value: | Rs. 1 million each
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