Public lender Bank of Baroda is set to raise up to₹ 3,000 crore through Basel III compliant bonds.
“The finance committee of our bank approved today issuance of AT—1 capital bonds compliant with Basel III capital regulations... for a minimum amount of ₹ 500 crore with greenshoe option and total issuance not to exceed ₹3,000 crore,” the bank said in a regulatory filing on Wednesday
The raising of funds will be in single or multiple tranches.
The stock was trading at ₹161.90, down 0.37 per cent from its previous close, on the BSE.
