Bank of Baroda to raise up to Rs3,000 crore via Basel III bonds
Bank of Baroda has approved issuance of AT-1 capital bonds compliant with Basel III capital regulations
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New Delhi: Public lender Bank of Baroda is set to raise up to Rs3,000 crore through Basel III compliant bonds.
“The finance committee of our bank approved today issuance of AT-1 capital bonds compliant with Basel III capital regulations... for a minimum amount of Rs500 crore with greenshoe option and total issuance not to exceed Rs 3,000 crore,” the bank said in a regulatory filing today.
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The raising of funds will be in single or multiple tranches. The stock was trading at Rs161.90, down 0.37% from its previous close on the BSE.