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Central Bank of India has raised Rs 500 crore through bonds

Central Bank of India has raised Rs 500 crore through issuance of Basel III complaint tier II bonds.

The bank has said in a regulatory filing that it will be offering an interest rate of 8.62 percent per annum to the bond holders.

The security instruments in the form of non-convertible redeemable unsecured Basel III complaint tier II bonds placed on a private placement consist 122 months maturity period.

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