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.)

NMDC Q1 profit rises 2% to Rs 2,006 crore as iron ore revenue climbs 10%

OSOWOG gaining traction as Hormuz crisis makes need for power grid integration visible: PGCIL CMD

REC, WBSEDCL hold Vendor Meet to accelerate rooftop solar adoption in West Bengal

7 workers killed, 3 missing in VPHEP tunnel incident in Uttarakhand

कोयला चोरी अथवा अवैध उत्खनन पर वेस्टर्न कोलफील्ड्स लिमिटेड में अब होगी प्रभावी कानूनी कार्यवाही