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Allahabad Bank raises AT I Capital aggregating Rs 500 crore

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Capital Market

Through issue of AT 1 Perpertual Bonds Series IV

Allahabad Bank has raised Additional Tier I Capital of the Bank through Private Placement of AT 1 Capital of the Bank through private placement of AT 1 Perpertual Bonds Series IV aggregating to Rs 500 crore at an annual coupon of 10% p.a.

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First Published: Dec 29 2017 | 7:41 PM IST

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