Bank of Baroda to raise Rs 500 crore through bond issue

15 Mar 2017 Evaluate

The 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.

Bank Of Baroda Share Price

264.20 5.35 (2.07%)
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Peers
Company Name CMP
SBI 752.60
Bank Of Baroda 264.20
PNB 124.35
Canara Bank 581.90
Union Bank Of India 153.45
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