Bank of India raises ₹10,000 Crore via Long Term Bonds
Bank of India raised ₹10,000 crore through Long Term Bonds Series IV. The issue was oversubscribed by 3.06 times, with bids totaling ₹15,305 crore. The accepted amount is ₹10,000 crore at a coupon rate of 7.23% p.a. The bonds are unsecured, subordinated, and redeemable. The issue opened and closed on December 23, 2025.
The fundraising of ₹10,000 crore is substantial and will strengthen the bank's capital base, impacting its lending capacity and financial stability. However, it is a debt instrument, not equity dilution.
The bank successfully raised a significant amount of capital through bond issuance, indicating strong investor confidence and oversubscription, which is positive for the company's financial health.
Bank of India has successfully raised ₹10,000 crore through the issue of Long Term Bonds (Infrastructure) — Series IV on a private placement basis. The issue had a base size of ₹5,000 crore with a green shoe option of ₹5,000 crore. The bank received bids totaling ₹15,305 crore, resulting in an oversubscription of 3.06 times against the base issue size.
The bank decided to accept bids amounting to ₹10,000 crore at a cut-off coupon rate of 7.23% per annum. The bonds are unsecured, subordinated, redeemable, non-convertible, taxable, listed, and fully paid-up, with a face value of ₹1 lakh each. The issue opened and closed on December 23, 2025, with a deemed date of allotment set for December 26, 2025. A total of 83 bids were received, and 37 bids were accepted through the NSE Electronic Bidding Platform (EBP).
What to do with a filing like this
Bank of India filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Bank of India. Read the original for the full detail.