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Bank of India raises Rs 1,500 crore through bonds

02 Dec 2022 Evaluate

Bank of India has raised Rs 1,500 crore through Basel-compliant Additional Tier 1 (AT-1) bonds. The bond issue was oversubscribed 12 times and the coupon rate is 8.57 per cent per annum. The issue consisted of Rs 500 crore base issue and a green-shoe option of Rs 1,000 crore. The proceeds will be used to shore up the regulatory and growth capital requirements of the bank.

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 993.90
PNB 121.50
Bank Of Baroda 246.25
Canara Bank 119.05
Union Bank Of India 186.20
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