Bank of India raises ₹10,000 cr through infrastructure bonds
after close1 source ↓written by the desknot a recommendation
- via long-term infrastructure
- ₹10,000 cr
- received amounted
- ₹15,305 cr
- for the full
- 37 bids accepted
State-owned Bank of India has successfully raised ₹10,000 cr via long-term infrastructure bonds at a coupon rate of 7.23% per annum. The total bids received amounted to ₹15,305 cr, with 37 bids accepted for the full amount. The funds will support long-term projects in infrastructure and affordable housing, aligning with RBI guidelines.
Not investment advice. For informational purposes only.