Indian Overseas Bank to raise INR 10,000 crore via infra bonds

Indian Overseas Bank (IOB) announced plans to issue Long Term Infrastructure Bonds up to ₹10,000 crore. The decision was made at a board meeting held today, March 19, 2025. The funds will be raised in one or more tranches throughout the current and subsequent financial years, based on the bank’s financing requirements for infrastructure and affordable housing projects. The bond issuance is subject to compliance with all applicable Reserve Bank of India (RBI) guidelines, laws, and regulations. This move aims to support infrastructure development and affordable housing initiatives. IOB has informed the BSE and NSE, where the bank’s shares are traded under the scrip codes 532388 and IOB respectively.