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Indian Overseas Bank raises Rs 1000 crore via Bonds

25 Mar 2023 Evaluate

Indian Overseas Bank has successfully raised Rs 1000 crore Unsecured, Non-Convertible, Listed, Redeemable, Basel III Compliant Tier II Bonds (Series V) through Private Placement Basis. Maturity date of the said bonds will be March 24, 2033.

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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