The bank issued Basel III compliant tier II bonds of face value of Rs 1 million each amounting to Rs 9.71 billion.
The unsecured, redeemable bonds carry a coupon rate of 8.42 per cent, Bank of Baroda said in a regulatory filing.
The issue opened Thursday and closed the same day, it added. As many as 17 allottees were given the bonds under the issue.
To comply with global Basel-III capital regulations, banks need to improve and strengthen their capital planning process.
These norms are being implemented to mitigate concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks.
Stock of Bank of Baroda closed 1.14 per cent up at Rs 106.30 on BSE.