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Prospect News home > News index > List of issuers I > Headlines for Indian Overseas Bank > News item
Published on 11/12/2013 in the Prospect News Emerging Markets Daily.

Indian Overseas Bank board approves up to Rs. 24.97 billion bonds

By Jennifer Chiou

New York, Nov. 12 - Indian Overseas Bank informed the Bombay Stock Exchange that its board of directors has approved an up to Rs. 24.97 billion issue of perpetual bonds at its Monday meeting.

According to a company filing, the company is looking to infuse capital funds through the bond offering as well as through an equity offering.

Indian Overseas Bank is a lender based in Chennai, India.


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