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New Issue: India’s Vijaya Bank places Rs. 3.25 billion of 10.49% bonds
By Angela McDaniels
Tacoma, Wash., Jan. 17 – Vijaya Bank raised Rs. 3.25 billion through a private placement of 10.49% bonds on Tuesday, according to a letter to the Bombay Stock Exchange.
The bonds are Basel III compliant and count as additional tier 1 capital.
Vijaya Bank is a Bengaluru, India-based medium-sized public sector bank.
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