Bank of India board approves USD 1 billion MTN programme

Fund Raising View source PDF Explain this filing

BANKINDIA · price

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Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹144.10

prior close

₹144.09

announcement price

After-mkt

timing

Nifty Midcap 150market+0.1%-0.4% vs market

Public Sector Bank peers, median of 11sector-0.1%-0.1% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Midcap 150 and 0.1 pts less than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-0.8

15m

-1.0

30m

-1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2+0.1-0.4-0.1-0.1

Next day

-1.4-0.2-1.2-1.3-0.1

-1.7-0.5-1.2-1.5-0.2

-0.9-0.1-0.8-1.2+0.3

-0.9-0.1-0.9-1.1+0.2

-1.5+0.0-1.5-1.8+0.4

+1.2+0.5+0.7-1.1+2.3

15d

-1.4-1.5+0.1-2.8+1.3

-3.7-3.6-0.0-5.9+2.2

-5.1-8.2+3.1-4.3-0.8

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UpDownMarket · Nifty Midcap 150Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bank of India's board approved raising foreign currency funds through a Medium-Term Note (MTN) Programme of up to USD 1.00 billion. The bonds will be issued in multiple tranches until 31 December 2026, with a 3 to 5 year maturity in US dollars. This is a debt-raising move to diversify the bank's funding sources and support growth.

Likely market impact

Debt raise of up to USD 1 billion will diversify funding and support growth, but adds foreign currency liability on the books.