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Bank of Baroda to raise up to Rs 3,000 cr via Basel III bonds

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.

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Printable version | Apr 17, 2021 8:15:49 PM | https://www.thehindu.com/business/markets/bank-of-baroda-to-raise-up-to-rs-3000-cr-via-basel-iii-bonds/article19263046.ece

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