By Wendy Van Sickle
Columbus, Ohio, March 30 – Vijaya Bank issued Rs. 5 billion in Basel III compliant series III tier I bonds at a coupon rate of 11¼%, according to a filing with the Bombay Stock Exchange.
The bank issued the bonds Wednesday by private placement with M/s. Rural Electrification Corp. Ltd.
Vijaya Bank is a Bengaluru, India-based savings and loan, personal banking company.
| Issuer: | Vijaya Bank
|
| Issue: | Series III tier I bonds
|
| Amount: | Rs. 5 billion
|
| Coupon: | 11¼%
|
| Settlement date: | March 30
|
| Distribution: | Private placement
|
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