Bank of India plans to raise Rs 5000 crore via infra bonds
Sat, Nov 23, 2024 10:59 AM

Bank of India plans to raise Rs 5000 crore via infra bonds

A Flip by Shubhangi Gupta
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Bank of India is planning to raise Rs 5,000 crore via infrastructure bonds next week. The 10-year infrastructure bonds will have a base size of Rs 2,000 crore and a greenshoe option of Rs 3,000 crore, according to sources. The bank board had given approval to raise Rs 10,000 crore through long-term infra bonds in 2024-25 to fund infrastructure projects.

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