($1 = 82.7400 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Varun H K)
MUMBAI, March 16 (Reuters) - India's UCO Bank has
set a coupon of 9.50% for Basel III-compliant additional tier-I
perpetual bonds, three merchant bankers said on Thursday.
The state-run bank had invited bids from investors and
bankers for the bond issue earlier in the day, and has accepted
bids worth 5 billion rupees ($60.4 million).
The bonds are rated 'AA-' by Acuite Ratings and Infomerics
Ratings, and have a call option after end of five years.
The issue will be settled on Friday.
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