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United Bank of India on Tuesday said that it has raised Rs 500 crore Tier-II bonds complying with Basel-III guidelines.
The issue was entirely subscribed by the Life Insurance Corporation.
The non-convertible bonds have a tenure of 10 years and can be traded in the wholesale debt market segment of the BSE, a release issued by UBI said.
Source: thehindubusinessline
The issue was entirely subscribed by the Life Insurance Corporation.
The non-convertible bonds have a tenure of 10 years and can be traded in the wholesale debt market segment of the BSE, a release issued by UBI said.
Source: thehindubusinessline
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