Aggregating Rs 930 crore
Syndicate Bank has issued Bonds in the form of Unsecured, Non-convertible (Basel III compliant) Perpetual Debt instruments in the nature of Debentures for inclusion in Additional Tier I Capital.The issue attracted investors bids aggregating Rs 1810 crore (1.95 times. Subsequently, the Bank has decided to exercise the Green Shoe Option and retain the total amount of Rs 930 crore (including green shoe option) and allotted on pro-rata basis.
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