IOB to raise Rs 1,200 cr through bonds this fiscal
Indian Overseas Bank will raise Rs 1,200 crore by issuing tier-I and tier-II bonds on a Pvt placement basis.india Updated: May 02, 2006 14:35 IST
Indian Overseas Bank (IOB) will raise Rs 1,200 crore by issuing tier-I and tier-II bonds on a private placement basis for the financial year 2006-07.
The Board of directors has approved issuing of perpetual hybrid tier-I capital bond, upper tier-II subordinated debt and lower tier-II subordinated debt, IOB informed the Bombay Stock Exchange.
First Published: May 02, 2006 14:35 IST