Bank of India raises Rs 1,800 cr via Basel-III-compliant bonds
The Hindu
Earlier, Bank of India had raised ₹1,352 crore of Basel-III compliant additional tier-I bonds on a private placement basis
State-owned Bank of India on Thursday said it has raised ₹1,800 crore by issuing Basel-III-compliant bonds.
The bank raised ₹1,800-crore Basel-III-compliant tier-II bonds on September 29 on a private placement basis, it said in a statement.
The 10-year tenure bonds with a 5-year call option had a base issue size of ₹1,000 crore and carries a coupon rate of 7.14%.
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