India’s Dena Bank may sell another Rs. 11 billion of tier 2 bonds

By Susanna Moon

Chicago, Aug. 29 – Dena Bank notified the Bombay Stock Exchange that it is seeking board approval to issue another Rs. 11 billion of Basel III compliant tier 2 bonds.

The debentures will be issued in one or more tranches, according to a notice.

Dena Bank is a Mumbai-based government-owned provider of car, home and online loans, as well as internet and mobile banking services.

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