South Indian Bank to raise upto Rs 500 crore through bonds

Written By Unknown on Rabu, 25 Februari 2015 | 15.45

"The Board of Directors of the Bank at its meeting held on Wednesday has decided to augment tier-II capital by issue of subordinated tier-II bonds for a total face value not exceeding Rs 500 crore, including greenshoe option, if any," South Indian Bank said in a filing to the BSE.

Kerala-based South Indian Bank  will raise up to Rs 500 crore by way of tier-II bonds to meet future credit demand.

"The Board of Directors of the Bank at its meeting held on Wednesday has decided to augment tier-II capital by issue of subordinated tier-II bonds for a total face value not exceeding Rs 500 crore, including greenshoe option, if any," South Indian Bank said in a filing to the BSE.

The bank's shares were trading 3.80 percent up at Rs 27.35 apiece during afternoon session on the BSE.

South Ind Bk stock price

On February 25, 2015, at 14:15 hrs South Indian Bank was quoting at Rs 27.45, up Rs 1.10, or 4.17 percent. The 52-week high of the share was Rs 35.05 and the 52-week low was Rs 20.40.


The company's trailing 12-month (TTM) EPS was at Rs 3.08 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 8.91. The latest book value of the company is Rs 24.95 per share. At current value, the price-to-book value of the company is 1.10.


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