Bank Of India has informed the Exchange regarding 'Bank Of India has informed the Exchange regarding Fund raising through issue of Long Term Infra Bonds of Rs.10,000 Crores.'.
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Bank of India plans to raise Rs. 10,000 Crores by issuing Long Term Infrastructure Bonds. This is a sizeable capital raise aimed at strengthening the bank's funding base for infrastructure lending. The bonds will be issued through a market-based route, likely in tranches, to meet growing infrastructure credit demand. The move reflects the bank's strategy to expand its infrastructure loan portfolio, a priority lending segment for PSU banks. No specific coupon rate or timeline has been disclosed in this filing.
This is a growth-oriented fundraising move that will boost Bank of India's lending capacity in the infrastructure sector, supporting interest income growth. Existing shareholders are not immediately diluted since bonds are debt, though they will be subordinated to bondholders in case of losses.