Published on 7/7/2016 in the Prospect News Emerging Markets Daily.
New Issue: Bank of India issues Rs. 15 billion of 8.57% tier II bonds
By Tali Rackner
Norfolk, Va., July 7 – Bank of India informed the Bombay Stock Exchange that raised Rs. 15 billion of Basel III compliant tier II bonds, series XII.
The bonds have an 8.57% coupon and have been rated AA(+) by Brickwork and AA(+) by Crisil.
The Bank of India is a Mumbai-based corporate banking and financial services company.
| Issuer: | Bank of India
|
| Issue: | Tier II bonds, series XII
|
| Amount: | Rs. 15 billion
|
| Coupon: | 8.57%
|
| Issue date: | July 7
|
| Ratings: | Brickwork: AA(+)
|
| Crisil: AA(+)
|
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