Bank of India raises Rs 10,000 cr via Long Term Infra Bonds at 7.23% coupon
BANKINDIA · price
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On the reaction day the stock moved 0.4 pts less than Nifty Midcap 150 and 0.6 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.
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Bank of India raised Rs 10,000 crore through Long Term Infrastructure Bonds Series IV on private placement basis. Base issue was Rs 5,000 crore with a green shoe option of additional Rs 5,000 crore. Issue was oversubscribed 3.05 times with total bids of Rs 15,305 crore against base size. Final coupon rate set at 7.23% per annum. Allotment date is 26 December 2025.
Strong investor appetite shown by 3x bid cover. Capital raise supports balance sheet expansion and infrastructure lending growth.