Bank of India said it has raised Basel III compliant Tier II bonds of ₹2,500 crore at 7.28% per annum through NSE Electronic Bidding Provider Platform.
The Base Issue size was ₹1,000 crore with Green Shoe option of ₹1,500 crore.
The bank said it received total of 68 bids amounting to ₹4,982 crore. Out of this it accepted 29 bids amounting to ₹2,500 crore.
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 through this issue is not meant for financing any particular project,” the bank Sai’s adding it will utilise the proceeds of this issue for its normal business activities.
Published – December 11, 2025 07:47 am IST
