India, March 18 -- The bonds are issued for a tenor of 10 years, with call option after 5 years and each anniversary date thereafter.

These bonds are rated 'AAA' with 'stable' outlook from CRISIL Ratings and India Ratings and Research.

The bank further informed that the issue had attracted strong response from investors with bids of approximately 2 times against the base issue size of Rs 5,000 crore.

The total number of bids received was 47 indicating participation from diverse set of qualified institutional bidders. The investors were across provident funds, pension funds, mutual funds, banks etc.

Based on the response, the bank decided to accept Rs 6,051 crore at a coupon rate of 7.05% payable annually for a tenor of 10 years.

Stat...