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 Money & Banking - Corporate Bonds


BOB tier II issue fully subscribed

Our Bureau

Chennai , March 18

BHARAT Overseas Bank's (BOB) tier II bond issue for Rs 40 crore, have been fully subscribed including the greenshoe option of Rs 20 crore, said Mr G. Krishna Murthy, Chairman and CEO of the bank.

The issue was in two tranches for 87 months & 123 months with interest at 7 per cent and 7.05 per cent p.a. respectively. The issue closed on Wednesday.

SBI Caps was the arranger to the issue.

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