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Bank of Baroda planning to raise funds via debt instruments

03 Dec 2019 Evaluate

Bank of Baroda is planning to raise funds through issuance of capital debt instruments. The Board of Directors of the Bank at its meeting to be held on December 05, 2019 to consider the same.

Earlier, the bank had raised Rs 1,650 crore by issuing Basel-III compliant bonds. The bank issued 16,500 bonds at 8.70% unsecured subordinated fully paid-up additional tier 1 Basel-III non-convertible perpetual taxable bonds.

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 980.00
PNB 123.90
Bank Of Baroda 241.50
Canara Bank 119.75
Union Bank Of India 186.15
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