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Vijaya Bank raised Rs 325 crore through private placement of bonds to fund business growth, "The bank has raised Basel III complaint Additional Tier I bonds of Rs 325 crore through private placement at coupon rate of 10.49 per cent," Vijaya Bank said in a regulatory filing to stock exchanges. Under the Basel-III norms, AT-1 bonds come with loss absorbency features, meaning that in case of stress, banks can write off such investments or convert them into common equity if approved by the RBI. AT-1 bonds, which qualify as core or equity capital, are one of the means of raising capital by banks.
Vijaya Bank raised Rs 325 crore through private placement of bonds to fund business growth, "The bank has raised Basel III complaint Additional Tier I bonds of Rs 325 crore through private placement at coupon rate of 10.49 per cent," Vijaya Bank said in a regulatory filing to stock exchanges. Under the Basel-III norms, AT-1 bonds come with loss absorbency features, meaning that in case of stress, banks can write off such investments or convert them into common equity if approved by the RBI. AT-1 bonds, which qualify as core or equity capital, are one of the means of raising capital by banks.
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