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Indian Overseas Bank raises funds upto Rs 300 crore

10 Dec 2018 Evaluate

Indian Overseas Bank has raised Rs 300 crore by issue of Basel III Compliant Tier II Bonds with coupon rate of 11.70% p.a. with tenor of 10 years and call option at the end of 5 years or on any coupon payment date thereafter.

Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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