Loan & Debt14 Aug 2026, 03:58 pm
Bank of India to Raise up to USD 1 Billion via MTN Programme
AI Summary
Bank of India announced its Board of Directors has approved the establishment of a Medium-Term Note (MTN) Programme to raise foreign currency funds. The bank plans to raise up to USD 1.00 billion through this programme, which will be executed in multiple tranches by December 31, 2026. The funds will be raised via 3/5 year USD Bonds. The board meeting where this approval was granted commenced at 3:00 PM and concluded at 4:00 PM on August 14, 2026.
Key Highlights
- Bank of India approved a Medium-Term Note (MTN) Programme.
- The bank aims to raise up to USD 1.00 billion.
- Funds will be raised in foreign currency through USD Bonds.
- The programme will operate in multiple tranches until December 31, 2026.
- The Board of Directors granted the approval on August 14, 2026.
Price Impact
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