South Indian Bank to issue Basel III compliant bonds

Last Updated: March 21, 2019

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South Indian Bank to issue Basel III compliant bonds
21 March 2019 Current Affairs:

South Indian Bank plans to raise up to Rs.250 crore by issuing Basel III compliant bonds. The Committee approved the information memorandum for issuance of rated, unsecured, redeemable, non-convertible, Basel III compliant, lower tier 2 bonds up to Rs.150 crore with an option to retain an over-subscription aggregating up to Rs.100 crore, aggregating to total issue size of Rs.250 crore. 
South Indian Bank:
Founded: January 29, 1929
Headquarters: Thrissur, Kerala, India
Chairman: Salim Gangadharan
MD & CEO: V.G. Mathew

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