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The Bank of India has raised Rs 3,000 crore through issuing Basel-III complaint tier-II bonds.
Bonds coupon rate with a tenor of 10 years is fixed at 8.52 percent.
The bank said in a regulatory filing that “It has raised Rs 3,000 crore by issue of Basel-III complaint tier-II bonds. The coupon rate is 8.52 percent and tenor is 10 years.”
