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| Exchange Received Time 20/03/2017 13:35:39 Exchange Disseminated Time 20/03/2017 13:35:49 Time Taken 00:00:10 | | Further to our letter dated March 17, 2017, relating to 'Prior intimation regarding issue of Perpetual Subordinated Unsecured Basel III Compliant Bonds in the nature of Debentures', we are pleased to inform that the Board of Directors of the Bank have passed, by circulation, on March 18, 2017, the Resolution for issuance of Rated, Listed, Non-Convertible, Perpetual Subordinated Unsecured Basel III Compliant Bonds in the nature of Debentures towards non-equity regulatory Additional Tier 1 Capital (AT1 Bonds), for Face Value of Rs.10 lakhs each for cash aggregating to Rs.1,000 crores (Rupees One Thousand crores only) on Private Placement basis. The said Debentures have been rated 'AA / Stable' by CRISIL Ltd. and 'IND AA' by India Ratings & Research Private Ltd. The above-mentioned Debentures will be listed on the National Stock Exchange of India Limited. Kindly take the above information on record and oblige. |
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