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IOB raises Rs. 250 cr. Tier-II bonds

CHENNAI: Indian Overseas Bank has raised Rs. 250 crore of unsecured redeemable non-convertible subordinated bonds, through private placement on January 4. According to a release, the issue was fully subscribed on the date of opening. AK Capital Services and Darashaw and Company Private Limited acted as the arrangers to the issue.

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