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Bank of India raises Rs 500 crore via issue of bonds

24 Jun 2016 Evaluate

Bank of India has raised Rs 500 crore by issue of Basel-III Compliant Additional Tier I Bonds (Series-III). The bonds have been rated AA (-) by Brickwork and A+ by CRISIL and bear coupon rate of 11.50% p.a.

Recently, the bank raised Rs 1000 crore by issue of Basel-III Compliant Additional Tier I Bonds (Series-II). The bonds have been rated AA(-) by Brickwork and A+ by CRISIL and bear coupon rate of 11.50% p.a.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc. The bank has 4963 branches in India spread over all states/ union territories including specialized branches. These branches are controlled through 54 Zonal Offices.

Peers
Company Name CMP
State Bank Of India 955.90
PNB 116.55
Bank Of Baroda 237.60
Canara Bank 120.20
Union Bank Of India 171.50
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