State-owned Indian Bank said it has raised Rs 2,000 crore by issuing Basel-III compliant bonds.
The bank has raised tier-2 capital fund through private placement of Basel-III compliant tier-2 bonds, Indian Bank said in a regulatory filing.
The coupon on the bonds is 6.18 per cent per annum payable annually. "The issuance/placement of said bonds has been completed by the bank through BSE-EBP (bond platform),” it added.