Bank of India raises ₹2,500 crore with tier II bonds excitement

The Bank of India recently raised Rs 2,500 crore through tier II bonds at a spicy cut-off rate of 7.28%, thanks to a surge in demand. Meanwhile, HUDCO cashed in with Rs 1,905 crore at 6.98%. With other bond offers bowing out, investors, especially pension funds, were eager to jump in. This year, banks like SBI and ICICI are making big waves in the bond market!