Bank of India Debt & Borrowing: ₹1,864 Cr
Bank of India redeemed Rs.1,800 Crore of its 7.14% Tier II Bonds Series XV. The bank also paid broken period interest of Rs.64.08 Crore.
- Value
- ₹1,864 Cr
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Bank of India redeemed Rs.1,800 Crore of its 7.14% Tier II Bonds Series XV. The bank also paid broken period interest of Rs.64.08 Crore.
Bank of India has established a USD 1 Billion Euro Medium Term Note (EMTN) Programme. This framework enables the Bank to issue debt notes in international markets.
Bank of India will exercise a call option to redeem its 7.14% Tier II Bonds Series XV on September 30, 2026. The record date is September 15, 2026.
Bank of India's board approved raising foreign currency funds through a Medium-Term Note (MTN) programme of up to USD 1 billion (approx. ₹9,500 Crore) in USD bonds.