IDBI Bank To Raise Rs 1,500 Crore Via Bonds

New Delhi: IDBI Bank on Wednesday said it will raise Rs 1,500 crore through Tier I bonds.

"IDBI Bank proposes to issue an additional tier-I bond amounting to Rs 1,500 crore," it said in a filing to the BSE.

The public sector bank said it will allot the bonds on August 30, 2016.

Shares in IDBI Bank ended 0.14 per cent lower at Rs 71.90 apiece on the BSE, whose benchmark Sensex index finished up 0.25 per cent.