Bank of Baroda raises ₹3,500 crore through bonds:

Daily Current Affairs / Bank of Baroda raises ₹3,500 crore through bonds:

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Category : Business and economics Published on: November 30 2024

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Bank of Baroda announced it had raised ₹3,500 crore through issuance of Basel III-compliant tier II capital bonds.
“The bank received a strong response from investors, which allowed it to price the issue at a very competitive coupon of 7.41% p.a,” it said in a statement.
It received a total of 120 bids amounting to ₹9,500 crore against the base issue size of ₹1,000 crore and a greenshoe option to retain oversubscription up to ₹2,500 crore, taking the issue size to ₹3,500.

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Bank of Baroda raises ₹3,500 crore through bonds: