Indian Bank board approves long-term infrastructure bonds to raise Rs 5,000 crore

CHENNAI: The board of public sector Indian Bank has given its nod for raising long-term infrastructure bonds up to Rs 5,000 crore.

It would be additional long-term infrastructure bonds aggregating up to Rs 5,000 crore over and above Rs 10,000 crore that the bank has already raised in the current financial year of 2024-25.

It will be in one or more tranches during the current or subsequent financial year at an opportune time based on the requirement for financing/refinancing of infrastructure and affordable housing, the bank informed the stock exchange.

A couple of days ago, state-run Indian Overseas Bank board approved the issue of long-term infra bonds to the tune of Rs 10,000 crore for financing/refinancing of infrastructure and affordable housing.


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