ING Vysya to raise upper tier II capital

ING Vysya Bank Ltd has announced that the Board of Directors of the Bank at its meeting held on March 07, 2007 has approved the raising of upper tier II capital, by way of unlisted Bonds / Debentures in foreign currency (Japanese Yen) up to an amount equivalent to INR 100 crores, from ING Bank, N V with a tenure of 15 years with a callable option at the end of 10 years subject to the approval of RBI and any relevant authority, as may he required.

Source : Equity Bulls

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