Bank Of Baroda To Raise Up To Rs 1,285 Crore Through Bonds

Bank of Baroda on Wednesday said its board has approved raising up to Rs 1,285 crore by issuing Basel III compliant bonds. In two separate decisions, the committee of the bank approved issuance of tier II capital bonds compliant with Basel III capital regulations of Rs 1,000 crore, with a base issue size of up to Rs 250 crore and a green shoe option to retain over subscription up to Rs 750 crore in single or multiple tranches, the ba...