Bank of India's tier II bond issue nearly five times oversubscribed

Bank of India successfully issued Basel III compliant Tier II Bonds worth ₹2,500 crore. The issue, which included a base size of ₹1,000 crore and a green shoe option of ₹1,500 crore, received total bids of ₹4,982 crore. This led to an oversubscription of 4.98 times against the base issue size.

The bank accepted bids for the full ₹2,500 crore at a coupon rate of 7.28%. The bonds are non-convertible, taxable, subordinated, unsecured, and fully paid-up debentures. The issue opened and closed on December 10, 2025, with the deemed date of allotment set for December 12, 2025.

A total of 68 bids were received through the NSE Electronic Bidding Platform, with 29 bids ultimately accepted. The issue comprised 2,500 bonds, each valued at ₹1.00 crore.