Central Bank of India pays annual interest on Basel III Tier 2 bonds  
News Updates

Central Bank of India pays annual interest on Basel III Tier 2 bonds

Central Bank of India has paid an annual interest of Rs 46,00,00,000 on Basel III Tier 2 bonds

PSU Watch Bureau

New Delhi: State-owned Central Bank of India said in a regulatory filing that it paid annual interest of Rs 46,00,00,000 on Monday on its Basel III compliant Tier II Bonds Series V at a coupon rate of 9.2 percent to the eligible bondholder as per the record date.

Specific details

As per the filing, Rs 500,00,00,000 was the issue size. The record date was March 5. "Last year, the bank paid annual interest on March 21," it stated.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

ONGC uses stuck Russian dividend dues for Sakhalin fund, seeks operatorship of Venezuela oilfields

Marathwada Water Grid project to get Rs 20,000 crore JICA funding: Fadnavis

Oil India reports fire at Tengakhat tank farm; one worker killed, six injured

IGX gas trade volume rises 326% year-on-year in October

Rupee falls 9 paise to 94.50 against US dollar as crude oil prices rise