Bank of India issues ₹2,500 crore Basel III compliant bonds

Bank of India announced today the issuance and allotment of Basel III Compliant Tier II Bonds totaling ₹2,500 crore on a private placement basis. The non-convertible, taxable, subordinated, and unsecured bonds are designated as Series XVIII.

The issue comprised a base size of ₹1,000 crore with a green-shoe option of ₹1,500 crore, bringing the aggregate to ₹2,500 crore. The bonds carry a coupon rate of 7.28% per annum. The issue opened and closed on December 10, 2025, with the deemed date of allotment being December 12, 2025.

A total of 2,500 bonds were allotted to 14 allottees. This move is part of the bank's strategy to strengthen its capital adequacy in line with Basel III regulations.