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...
Written by Express News Service
Mumbai |
1 min read
Whatsapp
Twitter
Facebook
Reddit
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.
You have exhausted your monthly limit of free stories.
Read more stories for free with an Express account.
