Bank Of India has informed the Exchange regarding Board meeting held on Jun 26, 2025. Fund raising through issue of Long Term (Infra) Bonds
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Bank of India's Board of Directors, at a meeting held on June 26, 2025, approved the issuance of Long Term Infrastructure Bonds worth Rs. 20,000 Crore during FY 2025-26. The bonds are part of the bank's fund-raising plan for the current financial year. The board meeting ran from 11:30 AM to 2:45 PM on the same day. The announcement was filed with both NSE and BSE for public dissemination.
This is a significant capital-raising move by Bank of India, with the Rs. 20,000 Crore bond issuance aimed at funding infrastructure lending. The move could support growth in the bank's infra loan book but will also increase its long-term debt obligations. Shareholders should watch for further details on coupon rates and timing, as this could dilute near-term earnings but strengthen the bank's infrastructure financing capacity.