You are here: Home » PTI Stories » National » News
Business Standard

Bank of Baroda to raise up to Rs 3,000 cr via Basel III bonds

Press Trust of India  |  New Delhi 

Public lender of Baroda is set to raise up to Rs 3,000 crore through Basel III compliant bonds.

"The committee of our approved today issuance of AT-1 capital bonds compliant with Basel III capital regulations... For a minimum amount of Rs 500 crore with greenshoe option and total issuance not to exceed Rs 3,000 crore," the said in a regulatory filing today.

The raising of funds will be in single or multiple tranches.

The stock was trading at Rs 161.90, down 0.37 per cent from its previous close, on the

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

First Published: Wed, July 12 2017. 11:07 IST