Bank of India $445 million 8.45% bond issue

31/12/2015

High-yield bond/note issue

Value:

$ 445 million

Status:

Completed

Date:

31/12/2015

Overview:

Bank of India has issued a $445 million bond.
The 8.45% private placement is due in 2025 with a call option after five years.
The bonds are Basel III compliant Tier 2 bonds

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing law:

India

Industry sector:

Financial services

Firm:

Khaitan & Co

Party: Bank of India (Issuer)

Lawyer: Nikhilesh Panchal

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