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Bank of Baroda allots Basel III Compliance AT I Bonds aggregating Rs 1997 cr

Capital Market 

On 26 November 2021

Bank of Baroda announced that the Bank came out with issuance of Rs.2000 crore of Additional Tier 1 bonds on 24 November 2021. Bank has received total bid amount of Rs.5308 crore, out of which the issuance was finalized for Rs. 1997 crore at 7.95%.

Consequently, the Bank has allotted 1997 Basel III Compliant Additional Tier I Bonds of face value of Rs 1 crore each aggregating Rs 1997 crore on 26 November 2021.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, November 26 2021. 13:27 IST