BackBank of Baroda raises $750 million through overseas bond issue
The bonds, which carry a maturity of five-and-half years, were issued by the London Branch of the bank
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Mumbai: State-run Bank of Baroda (BoB) has raised $750 million through the issue of bonds in the foreign markets.
The bonds, which carry a maturity of five-and-half years, were issued on Wednesday by the London Branch of the bank, a release said.
The issue, which is the first US dollar bond transaction by an Indian bank in 2014, received almost six times oversubscription with participation from investors in Asia, Europe and the US, the release said.
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Published: 17 Jan 2014, 01:22 AM IST
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