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Bank of Baroda gets nod to raise funds up to Rs 1,850 crore via bonds

06 Dec 2019 Evaluate

Bank of Baroda has received an approval for issuance of Basel III Compliant Additional Tier I Bonds for aggregate total issue size not exceeding Rs 1,850 crore, with a base issue size of Rs 500 crore and a Green Shoe Option to retain oversubscription up to Rs 1 ,350 crore. The designated committee of the Board i.e. Capital Raising Committee of the Bank on December 05, 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 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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