Bank of India raises ₹10,000 crore via long-term infrastructure bonds

Bank of India (BoI) secured ₹10,000 crore through infrastructure bonds on Tuesday, priced at a 7.23% coupon rate to bolster long-term financing initiatives.

The state-owned lender disclosed a base offering of ₹5,000 crore supplemented by an equivalent green shoe option, both fully subscribed during the issuance.

Bidding activity on the NSE platform reached ₹15,305 crore across 83 bids, with BoI ultimately accepting 37 bids totaling its targeted ₹10,000 crore fundraising goal.

Proceeds will finance infrastructure development and affordable housing projects per RBI regulations, though officials clarified funds won’t be earmarked for any specific venture.

Published on December 23, 2025