Bank of India on Tuesday raised ₹10,000 crore through the issuance of long-term infrastructure bonds at a coupon rate of 7.23 per cent.
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BIJOY GHOSH/businessline
Bank of India (BoI) on Tuesday raised ₹10,000 crore via the issue of long-term infrastructure bonds at a coupon rate of 7.23 per cent.
The public sector bank, in a statement, said the base issue size was ₹5,000 crore with a green shoe option of ₹5,000 crore.
BoI received a total of 83 bids amounting to ₹15,305 crore on the NSE Electronic Bidding Provider Platform. Out of this, the Bank accepted 37 bids amounting to ₹10,000 crore.
The Bank said funds raised through long-term bonds will be used to fund long-term infrastructure projects in sub-sectors and affordable housing, in accordance with RBI guidelines. Further, the funds raised by the bank through this issue are not meant for financing any particular project.
Published on December 23, 2025