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Bank of India Raises ₹2,500 Crore via Basel III Tier II Bonds

Newsmantra — Fri, 12 Dec 2025 13:02:08 +0000

Bengaluru, December 11, 2025: Bank of India, a leading Public Sector Bank, has raised Basel III compliant Tier II bonds of Rs. 2,500 crore @ 7.28% p.a, today through NSE Electronic Bidding Provider Platform. The Base Issue size was Rs.1,000 crore with Green Shoe option of Rs.1,500 crore. Bank received total of 68 bids amounting to Rs.4,982 crore. Out of this, Bank accepted 29 bids amounting to Rs. 2,500 crore.

The Tier II capital is raised for augmenting the overall capital of the Bank and for enhancing the long term resources in accordance with the RBI guidelines. The funds raised by the Bank through this issue is not meant for financing any particular project. The Bank shall utilize the proceeds of this issue for its normal business activities.

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Bank of India Raises ₹2,690 Crore through 10-Year Infrastructure Bonds at 7.50% p.a

Newsmantra — Mon, 17 Feb 2025 14:13:05 +0000

Bengaluru, February 17, 2025: Bank of India, a leading Public Sector Bank, has raised 10 years Infrastructure Bonds of Rs.2,690 crore @ 7.50% p.a, today through NSE Electronic Bidding Platform. The Base Issue size was Rs.1,500 crore with Green Shoe option of Rs.3,500 crore. Bank received total of 94 bids amounting to Rs.8,845 crore, 5.90 times of the Base issue size. Bank accepted bids at cut-off coupon of 7.50% of Rs.2,690 crore. There were 26 successful bids.

The funds raised through Long Term Bonds will be used for funding long term projects in infrastructure sub-sectors and affordable housing in accordance with RBI guidelines. The funds raised by the Bank through this issue is not meant for financing any particular project.

The post Bank of India Raises ₹2,690 Crore through 10-Year Infrastructure Bonds at 7.50% p.a appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.