India New Issue-Bank of India to issue 10-year infra bonds, bankers say

Bank Of India

12/02/2025 10:34

MUMBAI, Feb 12 (Reuters) - State-run Bank of India  BOI.NS  plans to raise 50 billion
rupees ($575.4 million) through a sale of infrastructure bonds maturing in 10 years, two bankers
said on Wednesday.
    The lender has invited coupon and commitment bids for the issue on Friday, they said.
    Bank of India did not reply to a Reuters email seeking comment.
    
 
  Here is the list of deals reported so far on February 12:
                                                                                
 Issuer            Tenure           Coupon (in %)  Issue size (in  Bidding      Rating
                                                   bln rupees)*    date         
                                                                                
 Bank of India     10 years         To be decided  15+35           Feb. 14      AA (India
                                                                                Ratings, Care)
             L&T   5 years and 2    7.80           3.60            Feb. 12      AAA (Crisil)
 Finance           months                                                       
                                                                                
             LIC   3 years          7.68 (yield)   10.03           Feb. 12      AAA (Crisil,
 Housing                                                                        Care)
 Feb 2028 reissue                                                               
                                                                                
                   3 years 1 month  7.51 (yield)   45              Feb. 12      AAA (Crisil,
 NABARD            and 11 days                                                  Icra)
 Mar 2028 reissue                                                               
                                                                                
             IRFC  15 years         7.28%          30              Feb. 12      AAA (Crisil,
                                                                                Icra, Care)
                   nearly 3 years   To be decided  5.50+5          Feb. 13      Provisional
 Bamboo Hotel and                                                               A+(CE)(Icra)
 Global Centre                                                                  
                                                                                
             HDFC         10 years  To be decided             9+1  Feb. 13      AAA (Icra)
 Life Insurance                                                                 
                                                                                
 
* Size includes base plus greenshoe for some issues



($1 = 86.8925 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))