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Bank of India concludes allotment of Rs 1000 crore via Tier-ll Bonds

27 Sep 2013 Evaluate

Bank of India has completed the allotment of Rs 1000 Crore BASEL-III compliant unsecured, Tier-ll Bonds of 10 years at a coupon rate of 9.80% per annum on private placement basis to Life Insurance Corporation of India. The issue has been rated AAA by CRISlL.

Bank of India has 52 foreign offices in 20 countries and over 25% of its business is sourced from overseas. It was also the first Indian Bank to venture abroad having opened a branch in London in 1946.

Peers
Company Name CMP
State Bank Of India 955.90
PNB 116.55
Bank Of Baroda 237.60
Canara Bank 120.20
Union Bank Of India 171.50
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