Board Meeting10 Aug 2026, 12:02 pm
Bank of India to consider USD 1 Bn MTN Programme on Aug 14
AI Summary
Bank of India has announced that its Board of Directors will convene on August 14, 2026, to consider and approve the establishment of a Medium-Term Note (MTN) Programme. This programme aims to raise foreign currency funds up to USD 1.00 billion through multiple tranches until December 31, 2026. The issuance of bonds under this programme will be facilitated through the bank's GIFT City Branch, utilizing 3/5 year USD Bonds. This strategic move is intended to bolster the bank's foreign currency funding capabilities.
Key Highlights
- Board meeting scheduled for August 14, 2026.
- To consider establishing a USD 1 billion Medium-Term Note Programme.
- Programme aims to raise foreign currency funds.
- Bonds to be issued via BOI GIFT City Branch.
- Funding to be raised in USD Bonds with 3/5 year tenures.
Price Impact
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