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BoI bonds issue
oversubscribed
Our Banking Bureau
23 January 2002
Mumbai:
Bank of India’s Rs 160-crore tier-II bonds issue for a tenor
of 63 months has been oversubscribed. The base issue was of Rs 100
crore and had a green-shoe option of Rs 60 crore, a banks press
release said.
The issue, which received an ‘AA+' rating from the Credit Rating
Information Services of India, was priced at 9.20 per cent.
Standard Chartered Bank, Kotak Mahindra Capital Company
and Centrum Finance had arranged the issue, the release said.
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