|Chennai||Rs. 25020.00 (0.81%)|
|Mumbai||Rs. 25890.00 (0.98%)|
|Delhi||Rs. 25200.00 (-0.2%)|
|Kolkata||Rs. 25480.00 (1.03%)|
|Kerala||Rs. 24800.00 (0.61%)|
|Bangalore||Rs. 25000.00 (0.81%)|
|Hyderabad||Rs. 25080.00 (1.09%)|
United Bank of India is planning to raise 3 billion Indian rupees ($55.15 million) via unsecured perpetual bonds at 9.27 percent, three sources with direct knowledge of the deal said.
Pay-in date for the deal is on Wednesday.
The firm is planning to raise funds through perpetual bonds as they are considered quasi-equity, giving much needed support to the leverage ratio.
The perpetual bond has a call option at the end of the tenth year.