Bank of India raises ₹2,500 crore via Tier II bonds
market hours1 source ↓written by the desknot a recommendation
- through Basel III
- ₹2,500 crore
- via the NSE
- 7.28% p.a.
- totaling
- 68 bids
- totaling
- ₹4,982 crore
- the bank accepting
- 29 bids
Bank of India has successfully raised ₹2,500 crore through Basel III compliant Tier II bonds at 7.28% p.a. via the NSE Electronic Bidding Platform. The issue attracted 68 bids totaling ₹4,982 crore, with the bank accepting 29 bids. The funds will enhance the bank's long-term capital resources in line with RBI guidelines.
Not investment advice. For informational purposes only.