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Bank of Baroda gets approval to raise funds via Bonds

02 Jan 2019 Evaluate

Bank of Baroda has received approval to raise funds through issuance of Tier-II Capital Bonds compliant with Basel III Capital Regulations of Rs 285 crore, with a base issue size upto Rs 100 crore and a Green shoe option to retain oversubscription upto Rs 185 crore. The Capital Raising Committee of the bank at its meeting held on January 02, 2019 has approved the same.

The company has also received approval for issuance of Tier-II Capital Bonds compliant with Basel III Capital Regulations of Rs 1000 crore, with a base issue size upto Rs 250 crore and a Green shoe option to retain oversubscription upto Rs 750 crore in single or multiple tranches.

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.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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