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India’s Vijaya Bank plans Rs. 5 billion of additional tier I bonds
By Tali Rackner
Norfolk, Va., Feb. 22 – Vijaya Bank informed the Bombay Stock Exchange that it plans to issue Rs. 5 billion of series III additional tier 1 bonds.
The bonds will be issued on a private placement basis.
The bank received ratings of ICRA AA- (hyb) with a negative outlook by ICRA Ltd. and CARE AA- by CARE Ltd. for the proposed issue of the bonds.
Vijaya Bank is a Bengaluru, India-based medium-sized public sector bank.
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