New Issue: Bank of India sells Rs. 10 billion 8.54% series V upper tier II bonds

By Devika Patel

Knoxville, Tenn., Jan. 29 -Bank of India informed the Bombay Stock Exchange that it sold Rs. 10 billion of series V upper tier II bonds.

The 8.54% bonds have a call option after 10 years.

The issuer is a Mumbai, India-based state-controlled bank.

Issuer:	Bank of India
Issue:	Series V upper tier II bonds
Amount:	Rs. 10 billion
Coupon:	8.54%
Price:	Par
Yield:	8.54%
Call:	After 10 years
Warrants:	No
Settlement date:	Jan. 29

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