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Bank of Baroda to raise up to Rs 2,000 cr via bonds

On Friday, another state-owned lender Canara Bank informed stock exchanges that it will raise up to Rs 2,500 crore

Press Trust of India  |  Mumbai 

Public sector lender Bank of Baroda on Saturday said it proposes to raise up to Rs 2,000 crore on private placement basis to meet Basel III requirements. "The bank has initiated the process of raising funds through issuance of Basel III Compliant AT-I (Additional Tier-I Capital) Bonds; Perpetual Debt Instrument of Rs 1,000 crore with Green Shoe option of Rs 1,000 crore (total size not to exceed Rs 2,000 crore) on private placement basis," it said in a BSE filing. The bank's shares closed at Rs 154.15 a piece on Friday, down 0.10 per cent over the previous day. On ...

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Bank of Baroda to raise up to Rs 2,000 cr via bonds

On Friday, another state-owned lender Canara Bank informed stock exchanges that it will raise up to Rs 2,500 crore

On Friday, another state-owned lender Canara Bank informed stock exchanges that it will raise up to Rs 2,500 crore Public sector lender Bank of Baroda on Saturday said it proposes to raise up to Rs 2,000 crore on private placement basis to meet Basel III requirements. "The bank has initiated the process of raising funds through issuance of Basel III Compliant AT-I (Additional Tier-I Capital) Bonds; Perpetual Debt Instrument of Rs 1,000 crore with Green Shoe option of Rs 1,000 crore (total size not to exceed Rs 2,000 crore) on private placement basis," it said in a BSE filing. The bank's shares closed at Rs 154.15 a piece on Friday, down 0.10 per cent over the previous day. On ... image
Business Standard
177 22

Bank of Baroda to raise up to Rs 2,000 cr via bonds

On Friday, another state-owned lender Canara Bank informed stock exchanges that it will raise up to Rs 2,500 crore

Public sector lender Bank of Baroda on Saturday said it proposes to raise up to Rs 2,000 crore on private placement basis to meet Basel III requirements. "The bank has initiated the process of raising funds through issuance of Basel III Compliant AT-I (Additional Tier-I Capital) Bonds; Perpetual Debt Instrument of Rs 1,000 crore with Green Shoe option of Rs 1,000 crore (total size not to exceed Rs 2,000 crore) on private placement basis," it said in a BSE filing. The bank's shares closed at Rs 154.15 a piece on Friday, down 0.10 per cent over the previous day. On ...

image
Business Standard
177 22