Debt

Debt financing

BOI raises Rs.10,000-Cr via infra bonds

Business Line  

State-owned Bank of India has raised INR 10,000 crore through the issue of long-term infrastructure bonds at a coupon rate of 7.23%. The base issue size was INR 5,000 crore with a green shoe option of INR 5,000 crore.BoI received a total of 83 bids amounting to INR 15,305 crore on the NSE Electronic Bidding Provider Platform. Out of this, the Bank accepted 37 bids amounting to INR 10,000 crore.The funds will be used to fund long-term infrastructure projects in sub-sectors and affordable housing.