Capital Raising Committee of Bank of Baroda approves bond issue

bank-of-baroda Capital Raising CommitteeThe Capital Raising Committee of Bank of Baroda’s board on March 14, 2017 has approved raising of funds through issuance of Basel III compliant Additional Tier-I bonds (perpetual debt instrument) amounting to Rs 500 crore with green shoe option of Rs 500 crore. The issuance will be on private placement basis depending on market conditions.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

The Capital Raising Committee of Bank of Baroda’s board  approved raising of funds through issuance of Basel III compliant Additional Tier-I bonds (perpetual debt instrument) amounting to Rs 500 crore with green shoe option of Rs 500 crore. In a stock exchange notification, the bank stated the issuance will be on private placement basis depending on market conditions.

Leave a Reply

Your email address will not be published. Required fields are marked *

Show Buttons
Hide Buttons