Home » IDBI Bank raises Rs.2,500 crore

IDBI Bank raises Rs.2,500 crore

IDBI Bank raises Rs.2,500 crore

IDBI Bank has raised Rs 2,500 crore through Basel-III-compliant additional Tier-I (AT-I) bonds to enhance its capital adequacy. The coupon (interest rate) for AT-I bonds is 10.75 per cent payable annually. The Mumbai-based bank is also in the international market to raise up to $500 million through five-year bonds. It will use the money for off-shore lending to customers.

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