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

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..