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Bank of India raises Rs 3000 crore under BASEL-III Compliant Tier-II Bonds

01 Jan 2016 Evaluate

Bank of India has raised Rs 3000 Crore by issue of Basel-III Compliant Tier-II Bonds. The coupon rate is 8.52% and tenor is 10 years.

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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