|Chennai||Rs. 27770.00 (0.07%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
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.