By way of private placement of Basel III Compliant Tier -II Bonds
Vijaya Bank announced that as per the powers delegated by the Board, the Bank has decided to raise Basel III Compliant Tier -II Bonds amounting to Rs.500 crore by way of Private Placement.The Bank has received ratings of "ICRA AA+ (hyb)" with stable outlook by ICRA Ltd and "CARE AA+" by CARE Ltd for the proposed issue of the said Bonds.
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