Bank of India Board Approves Up to USD 1 Billion Foreign Currency Raise via MTN Programme
The Board of Directors of Bank of India approved a significant program to raise foreign currency funds through the establishment of a Medium-Term Note (MTN) Programme. The decision was made during a board meeting held on August 14, 2026.The approval allows the bank to raise funds amounting up to USD 1.00 billion. These funds will be raised via multiple tranches and are scheduled to conclude by December 31, 2026. The instrument designated for this initiative is a 3/5 year USD Bond.
This strategic move aims to strengthen the bank's capital structure through international debt instruments.
Key details regarding the MTN Programme approved by the Bank of India Board include:
| Feature | Details |
|---|---|
| Program Type | Medium-Term Note (MTN) Programme |
| Maximum Amount | USD 1.00 billion |
| Tranche Deadline | Multiple tranches up to December 31, 2026 |
| Instrument Maturity | 3/5 year USD Bond |
The Board meeting commenced at 3:00 PM and concluded at 3:40 PM. The approval of the MTN Programme positions Bank of India to secure substantial foreign currency funding through a structured bond offering.
BANKINDIA Stock Price Movement
Shares of Bank of India on Friday slipped by 0.53% to settle at ₹144.1. The stock saw a total traded volume of 3.86 million shares, reflecting movement within its session range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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