By Sarah Lizee
Olympia, Wash., Dec. 16 – UCO Bank notified the Bombay Stock Exchange that it issued Rs. 5 billion of 9.71% redeemable nonconvertible bonds.
The tier 2 Basel 3-compliant bonds were approved by the bank’s board of directors on Oct. 24, according to a notice.
The government-owned commercial bank is based in Kolkata.
| Issuer: | UCO Bank
|
| Issue: | Tier 2 Basel 3-compliant redeemable nonconvertible bonds
|
| Amount: | Rs. 5 billion
|
| Coupon: | 9.71%
|
| Approval date: | Oct. 24
|
| Settlement date: | Dec. 16
|
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