RSS Feed
Twitter
9:27 PM
Blogger
Karnataka Bank Ltd has raised Rs 250 crore through the issue of 10-year lower tier-2 bonds.
The bank informed BSE on Monday that it has raised Rs 250 crore by issue of non-convertible subordinated debt instruments in the nature of debentures (lower tier-2 bonds) on private placement basis. The issue of bonds with a tenor of 10 years opened for subscription on October 22 and closed on November 12.
It said the Rs 125-crore issue, with a right to retain oversubscription to the extent of Rs 125 crore, received a huge response from investors. It resulted in over-subscription by 100 per cent.
As on March 31, the capital-to-risk weighted assets ratio (CRAR) of the bank was 12.84 per cent consisting of tier-1 capital of 10.86 per cent and tier-2 of 1.98 per cent.
The bank informed the exchange that with the above issue of bonds, capital funds have further improved. This will enable it to further expand the credit portfolio in the coming days.
vinayak.aj@thehindu.co.in
The bank informed BSE on Monday that it has raised Rs 250 crore by issue of non-convertible subordinated debt instruments in the nature of debentures (lower tier-2 bonds) on private placement basis. The issue of bonds with a tenor of 10 years opened for subscription on October 22 and closed on November 12.
It said the Rs 125-crore issue, with a right to retain oversubscription to the extent of Rs 125 crore, received a huge response from investors. It resulted in over-subscription by 100 per cent.
As on March 31, the capital-to-risk weighted assets ratio (CRAR) of the bank was 12.84 per cent consisting of tier-1 capital of 10.86 per cent and tier-2 of 1.98 per cent.
The bank informed the exchange that with the above issue of bonds, capital funds have further improved. This will enable it to further expand the credit portfolio in the coming days.
vinayak.aj@thehindu.co.in
0 comments:
Post a Comment