MoneyWorks4Me

Bank of India raises Rs 500 crore through bonds

03 Nov 2017 Evaluate

Bank of India has raised Rs 500 crore by issue of Basel-III Complaint Additional Tier-I Perpetual Bonds. The coupon rate is 8.79% p.a. and call option is after 5 years. The Bonds have been rated as BWR AA-(Outlook Stable) by Brickwork Ratings India and IND A+ (Outlook Stable) by India Ratings and Research.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.


Peers
Company Name CMP
State Bank Of India 952.55
PNB 116.25
Bank Of Baroda 232.35
Canara Bank 121.40
Union Bank Of India 171.50
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