Firm Matters
BackKhaitan & Co advised Indian Overseas Bank on the issue of unsecured, non-convertible, taxable, listed, fully paid up, redeemable, regulatory capital bonds in the nature of debentures with a base issue size of INR 500 crores and a green shoe option to retain oversubscription up to INR 500 crores, aggregating up to INR 1,000 crores on a private placement basis (“Issue”). The Issue received an overwhelming response from the investors and was oversubscribed by 6.52 times of the base issue size. Nuvama Wealth Management Ltd, ICICI Bank Ltd., BOB Capital Markets Ltd., and AUM Capital Market Pvt. Ltd., among others, acted as the arrangers to the Issue.
Deal Team
The core team consisted of Manisha Shroff (Partner), Mohit Nad (Principal Associate), Mishi Malhotra (Associate), Rishabh Kumar (Associate) and Priyam Indurkhya (Associate).
