Bank of India raises ₹10,000 crore via infrastructure bonds
pre-market1 source ↓written by the desknot a recommendation
- through Long Term
- ₹10,000 crore
- coupon rate
- 7.23%
- 83 bids totaling
- ₹15,305 crore
Bank of India raised ₹10,000 crore through Long Term Infrastructure Bonds at a 7.23% coupon rate. The issue was oversubscribed 3x, with 83 bids totaling ₹15,305 crore. Funds will support long-term infrastructure and affordable housing projects, aligning with RBI guidelines.
Not investment advice. For informational purposes only.