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This is an archive article published on February 9, 2003

BoB set to hit market soon

Bank of Baroda (BoB) will hit the bond market in February with a Rs 300 crore issue (tier 2 capital), the bank announced on Saturday. The is...

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Bank of Baroda (BoB) will hit the bond market in February with a Rs 300 crore issue (tier 2 capital), the bank announced on Saturday. The issue will have a greenshoe option of another Rs 300 crore.

The bonds will be issued to augment its capital adequacy ratio. The bank has already got an approval from the finance ministry to raise subordinated bonds on a private placement basis. The bonds would have a tenure of 126 months.

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