BoB approves bond issue

The Capital Raising Committee of Bank of Baroda’s board  approved raising of funds through issuance of Basel III compliant Additional Tier-I bonds (perpetual debt instrument) amounting to Rs 500 crore with green shoe option of Rs 500 crore.

In a stock exchange notification, the bank stated the issuance will be on private placement basis depending on market conditions.
Source- The Hindu

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