Monday, December 24, 2007

Vijaya Bank to raise Rs 200 crore: Bankers

MUMBAI: State-run lender Vijaya Bank is raising Rs 200 crore by selling lower-tier 2 10-year bonds at 9.35 per cent payable annually, merchant bankers familiar with the development said on Monday.

The offering has been rated "AA+" by Fitch and CARE and the issue is likely to open later in the day and run until Dec 28, they said.

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