By Sarah Lizee
Olympia, Wash., Nov. 2 – Bank of India notified the Bombay Stock Exchange that it raised Rs. 5 billion Basel III compliant additional tier I perpetual bonds.
The perpetuals (AA-/stable, A+/stable) have an 8.79% coupon and are callable after five years.
Bank of India is a Mumbai-based corporate banking and financial services company.
| Issuer: | Bank of India
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| Issue: | Basel III compliant additional tier I perpetual bonds
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| Amount: | Rs. 5 billion
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| Maturity: | Perpetual
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| Call option: | After five years
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| Coupon: | 8.79%
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| Ratings: | Brickwork: AA-
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| India Ratings: AA+
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