NEW DELHI, July 13: Public lender United Bank of India looks to raise up to Rs 500 crore through issuance of Basel III compliant bonds on private placement basis.
“The board of directors of the bank… Approved issuance and allotment of unsecured Basel III compliant, listed, tier-2 bonds in the form of promissory note… With or without greenshoe option, aggregating up to Rs 500 crore on a private placement basis,” the bank said in a regulatory filing. (PTI)
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