Kolkata-based public sector lender Allahabad Bank has plans to raise Rs 1,000 crore through bonds by this month end.

Out of total proposed amount, the bank intends to raise Rs 900 crore through tier-II bonds and Rs 100 crore through tier-I bonds.

According to sources, capital worth Rs 900 crore would be raise through Rs 500 crore by way of upper tier-II bonds and Rs 400 crore through subordinated bonds in the lower tier-II category.

While, capital worth Rs 100 crore would be raised through innovative perpetual debt instruments (IPDI) that falls in the tier-I capital.