Bank of India to raise Rs 1500 crore via tier-II bonds

Bank Of India | Bank - Public | BFSI | BSE: 532149 | NSE: BANKINDIA

23 Dec 2015 Evaluate

Bank of India is planning to issue Unsecured, Non convertible, Redeemable, Basel III Compliant Tier II Bonds for an amount of Rs 1500 crore with a green shoe option of Rs 1500 crore at an appropriate time.

Bank of India is one of the five largest public sector banks in India, with GOI holding 64.43% as on June 30, 2015. The bank has reported a net loss of Rs 1126.24 crore for the quarter ended September 30, 2015 as compared to net profit of Rs 786 crore for the same quarter in the previous year.

Peers

Company Name	CMP
State Bank Of India	993.50
PNB	118.25
Bank Of Baroda	237.00
Canara Bank	125.80
Union Bank Of India	179.60
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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