Bank of India (BoI), a state-owned commercial bank, announced that the bank is opening its bond issue under MTN programme in overseas market. The size of issue is USD 750 million and bonds will be issued with tenor of 5 years.

The Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalised banks.

The stock had underperformed the market over the past one month till Apr. 27, 2015, falling 24.80% compared with the Sensex's 1.03% decline. It underperformed the market in past one quarter, declining 14.33% as against 8.10% fall in the Sensex.

Shares of the bank gained Rs 2.9, or 1.38%, to trade at Rs 213.20. The total volume of shares traded was 123,170 at the BSE (12.48 p.m., Tuesday).