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Bank of India raises Rs. 25 billion through additional tier 1 bonds
By Tali Rackner
Norfolk, Va., Aug. 11 – Bank of India informed the Bombay Stock Exchange that it has raised Rs. 25 billion through an issue of Basel III compliant, additional tier 1 bonds.
The bonds consist of a Rs. 12.5 billion private placement and a Rs. 12.5 billion greenshoe.
Bank of India is based in Mumbai.
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