Thursday 19 December 2013

Bank of Baroda raises Rs 1,000 crore through bonds

Bank of Baroda has privately placed non convertible, redeemable, un-secured Basel III compliant Tier-II Bonds (Series XVII Coupon 9.73% per annum) aggregating Rs 1,000 crore for which allotment process has been completed.

Bank of Baroda is among the top five banks in India, with total assets of Rs.5.5 trillion as on March 31, 2013. The bank had a domestic network of 4289 branches, with around 61 per cent of its branches in the semi-urban and rural areas, as of June 30, 2013.

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