Bank of India raises ₹2,500 crore via Tier II bonds
pre-market1 source ↓written by the desknot a recommendation
- through Basel III
- ₹2,500 crore
- coupon rate
- 7.28%
- receiving
- 68 bids totaling ₹4,982 crore
Bank of India has successfully raised ₹2,500 crore through Basel III compliant Tier II bonds, enhancing its capital adequacy for long-term growth. The bonds, with a coupon rate of 7.28%, were fully subscribed, receiving 68 bids totaling ₹4,982 crore. This move supports the bank's strategic objectives in a competitive market.
Not investment advice. For informational purposes only.