Indian Bank has informed the Exchange about Allotment of Long Term Infrastructure Bonds aggregating upto Rs.5000 crore
INDIANB · price
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On the reaction day the stock moved 2.3 pts more than Nifty Midcap 150 and 2.1 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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Indian Bank has successfully raised Rs. 5,000 crore through private placement of Long Term Infrastructure Bonds (Series III) on the BSE Electronic Book Platform. The bonds carry a coupon rate of 7.15% and were issued as senior, rated, listed, unsecured, redeemable, non-convertible debentures. The issue was subscribed by 4 allottees, with 5,00,000 bonds of Rs. 1 lakh face value each, and the entire process — opening, closing, and allotment — was completed within two days (March 23–24, 2026). The ISIN for the bond series is INE562A08115. This is a significant capital raise aimed at funding long-term infrastructure lending.
The Rs. 5,000 crore raise strengthens Indian Bank's long-term funding base for infrastructure lending and supports asset growth. The 7.15% coupon is competitive, and the successful completion reflects strong investor demand, which is mildly positive for the stock. There is no immediate dilution as the bonds are non-convertible.