Public lender Bank of Baroda is set to raise up to Rs.3,000 crore through Basel III compliant bonds. “The finance…
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Public lender Bank of Baroda is set to raise up to Rs.3,000 crore through Basel III compliant bonds.
“The finance committee of our bank approved today issuance of AT-1 capital bonds compliant with Basel III capital regulations… for a minimum amount of Rs.500 crore with greenshoe option and total issuance not to exceed Rs.3,000 crore,” the bank said in a regulatory filing today.
The raising of funds will be in single or multiple tranches.
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The stock was trading at Rs.161.90, down 0.37 per cent from its previous close, on the BSE.
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