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Bank of India raises Rs 750 crore via Basel III Compliant Additional Tier I Bonds

29 Jan 2021 Evaluate

Bank of India has issued and allotted Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, fully paidup Basel III compliant Additional Tier 1 Bonds in the nature of debentures of face value Rs.10 lakhs each on January 28, 2021. Base issue size of Rs 250 crore plus Greenshoe Option of Rs 500 crore, aggregating to Rs 750 crore.

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 947.75
PNB 115.70
Bank Of Baroda 231.50
Canara Bank 121.45
Union Bank Of India 171.30
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