Bank of India has successfully raised ₹10,000 crore through the issuance of Long Term Bonds (Infrastructure) – Series IV on a private placement basis. The issue, which included a Green Shoe Option of ₹5,000 crore, saw strong investor demand and was oversubscribed by 3.06 times. The bonds have a coupon rate of 7.23% p.a.
Successful Bond Issuance
Bank of India (BOI) has successfully concluded its issuance of Long Term Bonds (Infrastructure) – Series IV, raising a total of ₹10,000 crore. The bond issue was executed via a private placement offering.
Issue Details and Oversubscription
The bond offering included a base issue size of ₹5,000 crore, along with a Green Shoe Option of an additional ₹5,000 crore. Investor response was robust, leading to the issue being oversubscribed by 3.06 times. The bank decided to accept bids up to ₹10,000 crore.
Key Terms of the Bonds
The bonds are Unsecured, Subordinated, Redeemable, Non-Convertible, and Taxable. They are listed and fully paid-up, with a face value of ₹1 lakh each. The coupon rate for the bonds is set at 7.23% p.a. A total of 10,00,000 bonds were issued.
Important Dates
The issue opened and closed on 23rd December, 2025. The deemed date of allotment is set for 26th December, 2025.
Bidding Information
The bank received a total of 83 bids through the NSE Electronic Bidding Platform, with 37 bids being accepted.
Source: BSE