Bank of India raises ₹2,500 cr from Tier II bonds
after close1 source ↓written by the desknot a recommendation
- through Basel III-compliant
- ₹2,500 cr
- with a green
- ₹1,000 cr
- shoe option
- ₹1,500 cr
State-owned Bank of India has raised ₹2,500 cr through Basel III-compliant Tier II bonds, offering a coupon rate of 7.28% per annum. The base issue was ₹1,000 cr with a green shoe option of ₹1,500 cr. The funds will support business growth and enhance long-term resources, aligning with RBI guidelines.
Not investment advice. For informational purposes only.