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The latest announcement is out from Indian Overseas Bank ( (IN:IOB) ).
Indian Overseas Bank has successfully listed its latest issue of Basel III-compliant Tier II bonds worth Rs 1,000 crore on the BSE, following a private placement to 15 institutional investors. The non-convertible, taxable, subordinated and unsecured debentures, carrying a coupon rate of 7.80% per annum, were structured with a base issue of Rs 500 crore and an additional green-shoe option of Rs 500 crore, fully subscribed and allotted in January 2026, underscoring the bank’s efforts to strengthen its regulatory capital position and support future balance sheet growth.
More about Indian Overseas Bank
Indian Overseas Bank is a public sector lender based in Chennai, operating in the Indian banking and financial services industry. It offers a broad range of retail and corporate banking products, including deposits, loans, and investment services, and its shares are listed on both BSE and NSE, reflecting its access to capital markets and diversified investor base.
Average Trading Volume: 671,674
Technical Sentiment Signal: Sell
Current Market Cap: 655.9B INR
See more insights into IOB stock on TipRanks’ Stock Analysis page.