Bank of Baroda raises ₹5,000 crore through infra bonds
The Hindu
Bank of Baroda raises ₹5,000 crore through 10-year infrastructure bonds at 7.30% per annum, rated 'AAA' by CRISIL.
Bank of Baroda on Tuesday said it had raised ₹5,000 crore through issuance of long-term 10-year infrastructure bonds at 7.30% per annum. The bank said it accepted bids for ₹5,000 crore against a total received demand of ₹15,020 crore through 146 bids. These bonds are senior, unsecured, listed, rated, taxable bonds, having a fixed maturity of 10 years from the date of allotment, the bank said. The bonds are rated ‘AAA’ with a Stable outlook by CRISIL and India Ratings, it added.
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