Public sector Indian Overseas Bank today said it will raise an amount totalling to Rs 800 crore by issue of bonds on private placement basis.

The bank will garner Rs 510 crore by issue of unsecured redeemable non-convertible subordinate (Upper Tier II) bonds (Series III), Indian Overseas Bank said in a filing to the Bombay Stock Exchange (BSE).

BSE  |  NSE Price

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Shares of Indian Overseas Bank today closed at Rs 82.45 on the BSE, up 0.43 per cent from the previous close.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

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