Bank of India has successfully issued and allotted Basel III compliant Tier II bonds amounting to ₹2,500 Crore through a private placement. The bonds, which are fully paid-up, unsecured, and subordinated, are part of Series XVIII and mature on December 10, 2025. The deemed date of allotment is December 12, 2025, with a coupon rate of 7.28% p.a.
Bond Issuance Details
Bank of India has announced the issuance and allotment of Basel III Compliant Tier II Bonds totaling ₹2,500 Crore via private placement. This issuance aligns with the bank’s strategy to strengthen its capital base and support future growth initiatives.
Key Terms and Features
The bonds are structured as Non-convertible, Taxable, Subordinated, Unsecured, and fully paid-up, classified as Basel III compliant Tier II Bonds Series XVIII in the nature of debentures. The issue includes a base size of ₹1,000 Crore, with a Green-shoe Option of ₹1,500 Crore, bringing the aggregate to ₹2,500 Crore. The ISIN No. for these bonds is INE084A08227.
Important Dates and Rates
The bonds carry a coupon rate of 7.28% p.a. The issue opened and closed on December 10, 2025, and the deemed date of allotment is December 12, 2025. A total of 14 allottees participated in this bond issuance.
Source: BSE
