Recapitalisation Bonds

Lender makes statement as central bank expresses concern at the recapitalisation of state-owned lenders through zero-coupon bonds.

Coupon rate fixed at 7.35-7.68%

Earlier in October, Union Finance Minister Arun Jaitley had announced an unprecedented PSU banks recapitalisation programme of Rs 2.11 lakh crore

The government announced the recapitalisation plan earlier this week