Bank of India Raises ₹26.9 Billion Through Infrastructure Bonds

Bank of India has successfully raised ₹26.9 billion through the issuance of 10-year infrastructure bonds at a coupon rate of 7.50% via private placement. This move is part of the bank's ongoing efforts to strengthen its capital base and support infrastructure financing activities. The bonds were issued on February 17, 2025, and saw strong investor interest. This fundraising follows the bank's earlier issuance of ₹5,000 crore in long-term bonds in November 2024, which was oversubscribed 6.85 times. The latest bond issue demonstrates Bank of India's continued ability to tap into the debt market for capital, reflecting investor confidence in the bank's financial stability and growth prospects.

 

Source: Construction World