Bank of India may sell Rs. 102.86 billion in bonds, debt instruments

By Devika Patel

Knoxville, Tenn., Aug. 12 - Bank of India informed the Bombay Stock Exchange that it approved plans to raise tier 1 and tier 2 capital by selling up to Rs. 102.86 billion in equity shares, innovative perpetual debt instruments, preference shares, tier 2 bonds and upper tier 2 capital bonds.

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

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