Board of UCO Bank to consider raising funds worth Rs 1,000 cr via bonds

Board of directors of UCO bank will consider the proposal for raising Rs 1,000 crore in the form of Additional Tier I Bonds, in a meeting scheduled on January 3

PSU Watch Bureau

Published:28th Dec, 2022 at 1:06 PM

New Delhi: State-owned UCO Bank intimated the stock exchanges on Wednesday that the "board of directors of the bank will consider the proposal for raising of Tier I capital in the form of Additional Tier I Bonds in one or more tranches aggregating to Rs 1,000 crore from market at its meeting scheduled on January 3, 2023."

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Board of UCO Bank to consider raising funds worth Rs 1,000 cr via bonds

Board of directors of UCO bank will consider the proposal for raising Rs 1,000 crore in the form of Additional Tier I Bonds, in a meeting scheduled on January 3

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