Indian Overseas Bank: Medium Term Note (MTN) of USD 1 Billion

Indian Overseas Bank has informed BSE that the Bank has raised USD 500 Million by way of Senior Unsecured bonds, under Medium Term Note (MTN) Programme of USD 1 Billion, on April 12, 2011 through the Ban's Hong Kong Branch. The Notes will be issued on April 19, 2011 and will be listed in Singapore Stock Exchange. The same will mature on October 19, 2016. The above bonds have been raised at the coupon rate of 5.00% P.A. (Fixed).