Bank of India Raises Rs 26.90 Bn Through 10-year Infra Bonds at 7.50%

17 Feb 2025 CW Team

Bank of India (BoI) has successfully raised Rs 26.90 billion through 10-year infrastructure bonds at an interest rate of 7.50 per cent via the NSE Electronic Bidding Platform. The issue's base size was Rs 15 billion, with an additional green shoe option of Rs 35 billion. This marks BoI’s third infrastructure bond issuance for the current financial year.

The bank received a total of 94 bids amounting to Rs 88.45 billion, which was 5.90 times the base issue size. After evaluating the bids, BoI accepted 26 bids and finalised the issuance at a coupon rate of 7.50 per cent, totalling Rs 26.90 billion.

The funds raised through these long-term bonds will be directed towards financing infrastructure projects and affordable housing, in line with Reserve Bank of India (RBI) guidelines. However, the funds are not intended for any specific project.

In the period leading up to December 31, 2024, BoI has raised a total of Rs 125 billion through various bond issuances, including Rs 25 billion in Basel III Tier-II bonds in September at 7.49 per cent, Rs 50 billion in infrastructure bonds in July at 7.54 per cent, and another Rs 50 billion in infrastructure bonds in November at 7.41 per cent.

News source: The Hindu Businessline

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..