5474d1c3-68cd-4188-8692-be0eb13dfebf.pdf



(CIN) L65190MH2004GOI148838


For Immediate Publication / Broadcast / Telecast


PR / 1297


IDBI Bank mobilises Rs.1900 crore through two separate issues of Basel III compliant Tier 2 bonds on private placement basis to strengthen its capital adequacy


Mumbai, January 02, 2015: IDBI Bank has mobilised Rs.1900 crore through issue of Basel III compliant Tier 2 bonds through two separate issues on private placement basis to strengthen its capital adequacy. The first issue of Rs.1000 crore concluded on December 31, 2015 was for a tenor of 15 years with call option at the end of 10 years while the second issue of Rs.900 crore was concluded on January 2, 2016 with a tenor of 10 years. Both the issues carry a coupon of 8.62% p.a. payable annually. These issuances aggregating Rs.1900 crore would augment capital adequacy ratio of the bank by about 55 bps.


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सीआइएन/(CIN)L65190MH2004GOI148838


IDBI Bank Limited issued this content on 2016-01-02 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-02 12:35:05 UTC

Original Document: http://www.idbi.com/press/Basel-III-bonds-Press-Release.pdf