Bank of India calls all $85 million hybrid tier 1 notes at par

By Marisa Wong

Morgantown, W.Va., March 15 – Bank of India issued a notice of redemption for its $85 million hybrid tier 1 notes.

The notes will be redeemed in full on April 3 at par plus accrued interest to the redemption date.

The perpetuals were originally issued in March 2007 by the Mumbai-based bank’s Jersey branch under its $1 billion medium-term note program.

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