Public sector lender Indian Overseas Bank (IOB) has mobilised ₹1,000 crore although Tier II bonds.
The financial institution got here up with Basel III Compliant Tier II Series V Bonds subject with base dimension of ₹200 crore and inexperienced shoe possibility of ₹800 crore, the lender stated in a submitting.
The bidding was held on Thursday on the BSE Electronic Biding Platform. IOB obtained bids as much as ₹1,025 crore towards base subject dimension of ₹200 crore.
The subject was oversubscribed by 5 occasions the bottom subject dimension, the lender stated.
