Indian Bank raises Rs 5000 crore through long term infrastructure bonds | Business Upturn

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Indian Bank has successfully raised ₹5000 crore through the issuance of Long Term Infrastructure Bonds. The bonds, which are senior, rated, listed, unsecured, redeemable, and non-convertible in nature, were issued as Series III debentures. The bonds carry an interest rate of 7.15% and are fully paid-up.

The issuance consisted of 5,00,000 bonds, each with a face value of ₹1 lakh. The bonds were made available through a private placement on the BSE EBP Platform, with both the opening and closing of the issue occurring on 23 March 2026. The allotment date for these bonds was set for 24 March 2026.

A total of four allottees participated in this bond issuance, marking a significant step for Indian Bank in securing funds for long-term infrastructure projects.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: BSE Indian Bank NSE