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Bank of India raises Rs 1000 crore by issue of Tier II Bonds

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Capital Market

On 27 March 2017

Bank of India has raised Rs.1,000 crore by issue of Basel-III compliant Tier-II Bonds (Series XIV) on 27 March 2017. The Bonds have been rated as BWR AA (+) by Brickwork Ratings India and IND AA (+) by India Ratings & Research and bear coupon rate of 8% p.a.

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First Published: Mar 27 2017 | 7:45 PM IST

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