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BoB issues Rs 2,500 crore AT-1 bonds at 7.88%, cheaper than peers

Four PSU banks have raised Rs 7,800 crore AT-1 bonds so far in FY23 as credit demand booms

Topics
Additional Tier 1 bond | Bank of Baroda | Canara Bank

Bhaskar Dutta  |  Mumbai 



Bank of Baroda
File photo: Reuters

Bank of Baroda on Tuesday issued additional tier-1 (AT-1) bonds worth Rs 2,474 crore at a cutoff of 7.88 per cent, far lower than the rates at which fellow lenders in the public sector space, such as and issued such bonds last month, sources told Business Standard.

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First Published: Tue, August 30 2022. 18:47 IST

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