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Prospect News home > News index > List of issuers I > Headlines for Indian Overseas Bank > News item
Published on 12/10/2018 in the Prospect News Emerging Markets Daily.

New Issue: Indian Overseas Bank sells Rs. 3 billion of Basel III compliant bonds

By Devika Patel

Knoxville, Tenn., Dec. 10 – Indian Overseas Bank informed the Bombay Stock Exchange that it sold Rs. 3 billion of 11.7% 10-year Basel III compliant tier II bonds.

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

Issuer:Indian Overseas Bank
Issue:Basel III compliant tier II bonds
Amount:Rs. 3 billion
Maturity:10 years
Coupon:11.7%
Call:After five years
Settlement date:Dec. 10

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