Bank of India today said it has raised Rs 500 crore through issuance of Basel-III compliant bonds.
"The Bank has raised Rs 500 crore by issue of Basel-III compliant additional Tier-1 bonds (Series-Ill)", it said in a regulatory filing.
The bonds have been rated as AA (-) by Brickwork and A+ by Crisil and bear a coupon rate of 11.50 per cent per annum, it added.
Yesterday, the bank had informed about raising Rs 1,000 crore via Basel-III compliant bonds.
Bank of India shares were trading 2.07 per cent down at Rs 94.45 on BSE during the afternoon session.
