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Bank of Baroda informs about outcome of capital raising committee meet

15 Dec 2023 Evaluate

In continuation to letter no. BCC: ISD: 115:16:301 dated 12.12.2023, Bank of Baroda has informed that the Capital Raising Committee of the Bank has approved raising of tranche I of Basel III complaint Tier II bonds with a base issue size of Rs 1000 crore with a greenshoe option to retain oversubscription up to Rs 1500 crore, totalling Rs 2500 crore (Maturity of 10 years with a call of option at the end of 5 year). The meeting commenced at 09.30 am and concluded at 10.25 am.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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