Bank of India — Important, 27-11-2024: Updates

The Bank has issued Long Term Bonds (Infrastructure) worth ₹5,000 Crore via private placement, garnering substantial interest with total bids amounting to ₹13,700 Crore, oversubscribing the issue by 6.85 times against an initial base size of ₹2,000 Crore. The Bank accepted bids totaling ₹5,000 Crore at a coupon rate of 7.41% per annum for 5,00,000 bonds with a face value of ₹1,00,000 each. The issue opened and closed on the same day, November 27, 2024, with the allotment date set for November 29, 2024. This robust response reflects strong investor confidence, signaling a positive outlook for the Bank's fundraising initiatives.