Bank of Baroda gets nod to raise funds up to Rs 1000 crore via bonds

Bank Of Baroda | Bank - Public | BFSI | BSE: 532134 | NSE: BANKBARODA

18 Sep 2019 Evaluate

Bank of Baroda has received an approval for issuance of Basel III Compliant Tier II Capital Bonds for aggregate total issue size not exceeding Rs 1000 crore, with a base issue size of Rs 250 crore and a Green shoe Option to retain oversubscription up to Rs 750 crore. The designated committee of the Board i.e. Capital Raising Committee of the Bank on September 18, 2019, approved the same.

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	980.50
PNB	116.00
Bank Of Baroda	234.45
Canara Bank	123.10
Union Bank Of India	176.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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