Bank of India raises Rs 2,500 Cr via Basel III Tier II Bonds at 7.28%
BANKINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Midcap 150 and 1.0 pts more 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 issued Rs 2,500 Crore Basel III Tier II Bonds (Rs 1,000 Cr base size plus Rs 1,500 Cr green shoe option). Issue received total bids worth Rs 4,982 Cr, oversubscribed 4.98 times. Coupon rate fixed at 7.28%. 29 bids accepted out of 68 received via NSE bidding platform. Deemed allotment date is 12 December 2025.
Strong 4.98x oversubscription signals investor confidence. Capital raise strengthens Basel III buffers without equity dilution for shareholders.