Andhra Bank Board To Consider Exercising ‘Call Option’ On Perpetual Bonds

The Andhra Bank is an Indian government-owned, medium-sized bank with a network of 2885 industries and four extension counters as of 31 March 2019, with 38 satellite offices and 3798 automatic cellar systems. In 2011-2012, the bank established branches in Tripura and Himachal Pradesh.

Government-owned Andhra Bank lender, which chose not to exercise a "call option" under the terms of a bond issued by the Bank on a perpetual ....