Bank of India to issue Rs 2,500 Cr Tier II Bonds
BANKINDIA · price
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Bank of India has informed the exchange about issuing BASEL III compliant Tier II Bonds worth Rs 2,500 Crores. These are subordinated debt instruments that count towards the bank's regulatory capital under Basel III norms, helping strengthen its capital adequacy.
Debt raise to bolster capital base, supporting lending growth; no equity dilution but adds to interest obligations.