Bidding for the bonds will take place on Wednesday between 11 a.m. and 12 p.m.
Non convertible Taxable Perpetual Subordinated Unsecured Basel III compliant Additional Tier 1 Bonds in the nature of debentures of face value Rs 1 Crore each.
AT1 Bonds are a type of perpetual bonds that don’t have any expiry date which is issued to raise long term capital.
–IANS
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