Bank of India raises ₹10,000 crore through infrastructure bonds
Bank of India raised ₹10,000 crore through long-term infrastructure bonds at a 7.23% coupon rate. The issuance attracted 83 bids totaling ₹15,305 crore, reflecting strong market demand for infrastructure financing.
pre-market1 source ↓written by the desknot a recommendation
- by issuing long-term
- ₹10,000 crore
- with an additional
- ₹5,000 crore
- received
- 83 bids totaling ₹15,305 crore
Bank of India raised ₹10,000 crore by issuing long-term infrastructure bonds at a coupon rate of 7.23%. The base issue was ₹5,000 crore with an additional green shoe option of ₹5,000 crore. The funds will support long-term infrastructure projects and affordable housing, aligning with RBI guidelines. 💼
This bond issuance reflects strong investor interest, with 83 bids totaling ₹15,305 crore received, indicating robust demand in the market.
Not investment advice. For informational purposes only.