Syndicate Bank raises Rs 200.00 Crore Tier II capital

Syndicate Bank has announced that the Bank has on June 15, 2009 raised Tier II Capital to the extent of Rs 200.00 Crore through issue of Unsecured Non-Convertible Sub-ordinated Debt (eligible for Lower Tier II Capital). The issue opened and closed on June 15, 2009. The bond was priced at 8.49%p.a. payable annually.

The stock closed the day at Rs.72.45, down by Rs.4.30 or 5.60%. The stock hit an intraday high of Rs.79 and low of Rs.71.80.

The total traded quantity was 218717 compared to 2 week average of 293017.

Source : Equity Bulls

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