Indian Overseas Bank gains on raising $500 million under MTN programme

16 Aug 2012 Evaluate

Indian Overseas Bank is currently trading at Rs. 72.90, up by 0.60 points or 0.83% from its previous closing of Rs. 72.30 on the BSE.

The scrip opened at Rs. 74.10 and has touched a high and low of Rs. 74.10 and Rs. 71.50 respectively. So far 32188 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 125.55 on 16-Aug-2011 and a 52 week low of Rs. 68.25 on 26-Jul-2012.

Last one week high and low of the scrip stood at Rs. 74.10 and Rs. 70.45 respectively. The current market cap of the company is Rs. 5806.13 crore.

The promoters holding in the company stood at 69.62% while Institutions and Non-Institutions held 17.47% and 12.91% respectively. 

Indian Overseas Bank (IOB) has raised $500 million (second final tranche) by way of senior unsecured bonds, under medium term note (MTN) programme of $1 billion on August 13, 2012 through Hong Kong branch.

The notes will be issued on August 21, 2012 and will be listed in Singapore Stock Exchange. The same will mature on February 21, 2018. The above bonds have been raised at the coupon rate of 4.625% per annum (fixed).

The bank has registered a rise of 13.55% in its net profit at Rs 233.44 crore for the quarter under review as compared to Rs 205.58 crore for the same quarter in the previous year. Total income of the bank has increased by 24.73% at Rs 5402.85 crore for Q1FY13 as compared Rs 4331.77 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) rose to 2.97% in the April-June quarter as against 2.76% in the same quarter previous year while net NPAs increased to 1.48%.

Indian Overseas Bank Share Price

52.44 -0.78 (-1.47%)
20-Dec-2024 16:59 View Price Chart
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