Investment10 Dec 2025, 05:31 pm
Bank of India Raises Rs.2,500 Crore via Basel III Compliant Tier II Bonds with 4.98x Oversubscription
AI Summary
Bank of India has successfully raised Rs.2,500 Crore through the issuance of Basel III Compliant Tier II Bonds. The issue received an overwhelming response from investors, with total bids amounting to Rs.4,982 Crore, making it 4.98 times oversubscribed against the base issue size of Rs.1,000 crore. The bank accepted bids worth Rs.2,500 Crore at a coupon rate of 7.28%. The bonds are non-convertible, taxable, subordinated, unsecured, and fully paid-up.
Key Highlights
- Bank of India raised Rs.2,500 Crore through Basel III Compliant Tier II Bonds.
- The issue was oversubscribed by 4.98 times against the base issue size of Rs.1,000 crore.
- Total bids amounted to Rs.4,982 Crore.
- Bank accepted bids worth Rs.2,500 Crore at a coupon rate of 7.28%.
- Bonds are non-convertible, taxable, subordinated, unsecured, and fully paid-up.