Bank of India Raises Rs 2,500 Cr via Tier II Bonds

Dec 10, 2025 18:46

Bank of India (BoI) raised Rs 2,500 crore through Basel III-compliant Tier II bonds at 7.28% to fund business growth and augment capital.

New Delhi, Dec 10 (PTI) State-owned Bank of India (BoI) on Wednesday said it has raised Basel III-compliant Tier II bonds of Rs 2,500 crore to fund business growth.

The bonds have a coupon rate of 7.28 per cent per annum, BoI said in a statement

The base issue size was Rs 1,000 crore with a green shoe option of Rs 1,500 crore, it said.

The Tier II capital is raised for augmenting the overall capital of the bank and for enhancing the long-term resources in accordance with the RBI guidelines.

The funds raised by the bank through this issue are not meant for financing any particular project, it said, adding that the bank will utilise the proceeds of this issue for its normal business activities.

Source: PTI

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Bank of India Raises Rs 2,500 Cr via Tier II Bonds

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