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Bank of India raises Rs 750 crore by issuing bonds

28 Jan 2021 Evaluate

Bank of India has raised Rs 750 crore via Basel III compliant additional tier 1 (AT-1) bonds on January 27, 2021 on private placement basis. The issue was over-subscribed with receipt of bids of up to Rs 1,017 crore against the issue size of Rs 750 crore. The coupon on the bonds was 9.04 per cent for five years and it carries a call option.

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 966.70
PNB 120.60
Bank Of Baroda 242.40
Canara Bank 117.40
Union Bank Of India 183.95
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