Business Standard

Bank of Baroda to raise Rs 5,000 crore via long-term infrastructure bonds

Public sector lender Bank of Baroda on Monday said it will raise Rs 5,000 crore by issuing long-term infrastructure bonds.

Bank of Baroda

Press Trust of India New Delhi
Public sector lender Bank of Baroda on Monday said it will raise Rs 5,000 crore by issuing long-term infrastructure bonds.
The board of directors in its meeting held on Monday approved the proposal of issuing long-term bonds for financing infrastructure projects and affordable housing worth to the tune of Rs 5,000 crore, the bank said in a regulatory filing.
The money will be raised in single or multiple tranches during financial year year 2022-23.
These bonds shall be senior, unsecured and will not form part of capital of the bank, it said.
Bank of Baroda stock closed flat at Rs 99.95 apiece on BSE on Monday.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jun 27 2022 | 9:12 PM IST

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