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Bank of India to raise up to Rs 1,800 crore via Basel-III, Tier-II NCDs

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Bank of India to raise up to Rs 1,800 crore via Basel-III, Tier-II NCDs

Market participants said the bank has fixed a five-year call option on the Basel-III compliant Tier-II NCDs. Crisil and Infomerics Ratings have assigned ‘AA+’ and ‘AAA’, respectively, with ‘stable’ outlook on September 21.

   

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