Indian Overseas Bank gets revision in ratings for Basel III Compliant AT-I Perpetual Bonds issue

From Brickwork Ratings

Indian Overseas Bank announced that Brickwork Ratings has revised its rating from BWR A+ to BWR A with Stable Outlook for the Basel III Compliant Additional Tier I Perpetual Bonds issue of Rs 700 crore with a Green Shoe Option of Rs 300 crore (Total Rs 1000 crore).

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