Bank of India (BoI) is planning to raise up to Rs 6,000 crore through Tier-I or Tier-II bonds. The bank has received the shareholders' nod to raise capital at its 19th general meeting held on July 20, 2015.
Earlier, the bank had raised funds through foreign currency bonds. The lender had raised $750 million at a coupon rate of 3.125% through its offshore bond issue having a tenure of five years. In FY15, the bank issued 2.26 crore equity shares of R 10 each at a price of Rs 283.50 per share amounting to Rs 642 crore.
