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Bank of Baroda initiates process to raise Rs 1000 crore

Capital Market 

Through issue of AT-I Bonds on private placement basis

has initiated the process of raising funds through issuance of Basel III Compliant AT-I (Additional Tier-I Capital) Bonds, i.e. Perpetual Debt Instrument, as per the regulatory definitions of the Reserve Banks of India of Rs. 1000 crore with Green Shoe option of Rs. 1000 crore (Total size not to exceed Rs. 2000 crore) on Private Placement Basis.

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

First Published: Sat, October 15 2016. 13:40 IST