Bank of India, BoB mop up Rs 8,500 crore via bonds amid strong demand

Quick Summary:

Commercial banks’ infrastructure bond issuances in FY25 are projected to exceed Rs 1 trillion, almost double the amount raised in FY24.

BoI’s issuance saw significant demand, too, with bids amounting to around Rs 13,700 crore — roughly 2.7 times the targeted amount.

The issue received a strong investor response, with bids totalling Rs 9,500 crore — nearly three times the issue size.

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Category: BusinessFinance

Markets: India

Topics: Tier-II bonds FY25 infrastructure bonds Regulatory reserve requirements Indian banking sector CRISIL ratings Debt capital market SBI bond issuance Long-tenor bonds Rockfort Fincap Tier-I bonds SLR Basel III compliance Bank of India Bank of Baroda Infrastructure bonds Institutional investors CRR Venkatakrishnan Srinivasan India bond market

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 19:45:32 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Business Standard

News ID: 23906426

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