Bank of India raises ₹2,500 crore via Tier II bonds
after close1 source ↓written by the desknot a recommendation
- through Basel III
- ₹2,500 crore
- received
- ₹4,982 crore
Bank of India has raised ₹2,500 crore through Basel III compliant Tier II bonds, enhancing its capital adequacy to support growth. The bonds, issued at a coupon rate of 7.28%, were fully subscribed with 68 bids totaling ₹4,982 crore received. This move strengthens the bank's financial position for future expansion.
Not investment advice. For informational purposes only.