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Indian Overseas Bank raises Rs 665 crore through bonds

01 Apr 2022 Evaluate

Indian Overseas Bank has successfully raised Rs 665 crore through Private Placement of Basel III Compliant Tier II Bonds Series IV and allotted 8.60%, 665 bonds having face value of Rs 1 crore. Maturity date of the said bonds will be March 31, 2032.

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 945.10
PNB 121.00
Bank Of Baroda 233.00
Canara Bank 118.20
Union Bank Of India 184.00
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