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F31
schedules
forming part of the Accounts (Contd.)
13. Subordinated debt
During the year ended March 31, 2008, the Bank raised subordinated debt qualifying for Tier I/Tier II capital amounting to
Rs. 22,350.0 million. The details of these bonds are given below:
Rupees in million
Particulars Date of Issue Coupon Rate (%) Tenure Amount
Tranche 1 Option I January 10, 2008 10.15% (annually)1Perpetual25,000.0
Total (Tier I) 5,000.0
1. Coupon rate of 10.15% payable annually from January 10, 2008 upto April 30, 2018 and 50 basis points over and above the
coupon rate of 10.15% i.e. 10.65% payable annually for the balance years, if the call option is not exercised by the Bank.
2. Call option exercisable on April 30, 2018 and on every interest payment date thereafter (exercisable with RBI approval).
Rupees in million
Particulars Date of Issue Coupon Rate (%) Tenure Amount
Tranche 1 Option II January 10, 2008 9.70% (annually)115 years25,000.0
Total (Upper Tier II) 5,000.0
1. Coupon rate of 9.70% payable annually from January 10, 2008 upto April 30, 2018 and 50 basis points over and above the coupon
rate of 9.70% i.e. 10.20% payable annually for the balance years, if the call option is not exercised by the Bank.
2. Call option exercisable on April 30, 2018 (exercisable with RBI approval).
Rupees in million
Particulars Date of Issue Coupon Rate (%) Tenure Amount
Tranche 2 Option I January 21, 2008 9.15% annually 5 years and 3 months 1,230.0
Tranche 2 Option II January 21, 2008 9.25% annually 10 years 1,120.0
Total (Tier II) 2,350.0
Rupees in million
Particulars Date of Issue Coupon Rate (%) Tenure Amount
Option A-I November 10, 2007 9.80% annually 5 years and 3 months 6,098.7
Option A-II November 10, 2007 9.39% monthly 5 years and 3 months 74.8
Option B-I November 10, 2007 10.00% annually 10 years 3,718.0
Option B-II November 10, 2007 9.57% monthly 10 years 108.5
Total (Tier II) 10,000.0
During the year ended March 31, 2007, the Bank raised subordinated debt qualifying for Tier I/Tier II capital amounting to
Rs. 97,506.0 million. The details of these bonds are given below:
Rupees in million
Particulars Date of Issue Coupon Rate (%) Tenure Amount
Tranche 1 Option I January 15, 2007 9.98% (semi-annually)1Perpetual2180.0
Total (Tier I) 180.0
1. Coupon rate of 9.98% payable semi-annually from January 15, 2007 upto April 30, 2017 and 100 basis points over and above the
coupon rate of 9.98% i.e. 10.98% payable semi-annually for the balance years, if the call option is not exercised by the Bank.
2. Call option exercisable on April 30, 2017 and on every interest payment date thereafter (exercisable with RBI approval).
Rupees in million
Particulars Date of Issue Coupon Rate (%) Tenure Amount
Tranche 2 Option I September 13, 2006 9.98% (semi-annually)1Perpetual25,500.0
Total (Tier I) 5,500.0
1. Coupon rate of 9.98% payable semi-annually for first 10 years, 100 basis points over and above the coupon rate of 9.98% i.e. 10.98%
payable semi-annually for the balance years, if the call option is not exercised by the Bank.
2. Call option exercisable after 10 years i.e. on September 13, 2016 and on every interest payment date thereafter (exercisable with RBI
approval).
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