Friday, November 30, 2018

IOB plans to raise up to Rs 300 cr bonds

IOB plans to raise up to Rs 300 cr bonds "The board of directors of the bank, have by circular resolution... approved the raising of tier II capital by issue of tier II Basel III compliant bonds for an issue size of Rs 200 crore with green shoe option of additional Rs 100 crore aggregating Rs 300 crore in one or more tranches on a private placement basis," Indian Overseas Bank said in a regulatory filing.

from Moneycontrol Business News https://ift.tt/2QuW2le
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