Vijaya Bank to issue Tier II Bonds aggregating Rs 2500 million

Vijaya Bank has announced that the Bank is proposing to issue Tier-II Bonds aggregating Rs 2500 million shortly. The issue details are furnished in brief as under:

Issue amount : Rs 2500 million
Tenor : 120 months
Coupon Rate : 9.25% annually
Face Value of per Bond : Rs 1.00 million
Minimum Application size : The minimum investment shall be 5 Bond i.e Rs 5.00 million and in multiples of 1 Bond i.e. Rs 1.00 million.
Coupon Payment : Annually
Tentative schedule - Opening / closing : July 20, 2006 to July 27, 2006.
Earliest Closing date : As soon as full subscription is received
Rating : AA+
Listing : NSE
Nature of Bonds : Promissory Notes

Source : Equity Bulls

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