IDBI Bank’s Board of Directors, in its meeting held on December 31, 2024, approved the issuance of Long-Term Bonds worth ₹10,000 crore to finance infrastructure and affordable housing projects. The bonds will be issued in tranches, with up to ₹5,000 crore expected to be raised by March 31, 2025, and the balance to be issued in FY 2025-26.
This decision aligns with the Bank’s strategic focus on supporting key sectors such as infrastructure and affordable housing. The issuance will take place in the domestic market.
In the exchange filing, the company shared, “Board of Directors, at its meeting held on Tuesday, December 31, 2024, has approved issuance of Long Term Bonds for financing of Infrastructure and Affordable Housing from domestic market of Rs 10,000 crore in tranche/s with up to Rs 5,000 crore by March 31, 2025 and balance during FY 2025-26.”
In the meantime, IDBI Bank’s stock opened at ₹75.52, reaching a high of ₹76.70 and a low of ₹75.50 on the trading day. The stock is currently trading below its 52-week high of ₹107.90 and above its 52-week low of ₹66.45.
