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Central Bank of India raises Rs. 5 billion tier 2 series 5 bonds
By Sarah Lizee
Olympia, Wash., March 20 – Central Bank of India raised Rs. 5 billion of Basel III-compliant non-convertible redeemable unsecured tier 2 series 5 bonds in the form of promissory notes, according to a notice.
The board of directors approved the issuance on Feb. 4.
Central Bank of India is a commercial bank based in Mumbai.
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