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State Bank of Travancore allots Basel III compliant Tier II Bonds

State Bank of Travancore announced that the Bank has on 30 March 2016 allotted 5,150 Basel III compliant Tier II Bonds in the nature of debentures, of face value of Rs. 10 Lakhs each at par with ten years tenure bearing 8.45% per annum coupon rate and with call option on 30 March 2021 aggregating to Rs. 515 crore on private placement basis.

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