Financial Daily from THE HINDU group of publications
Sunday, Jun 05, 2005
Financial Daily from THE HINDU group of publications Sunday, Jun 05, 2005 |
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Money & Banking
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Public Sector Banks BoB raises $150-m syndicated loan Our Bureau
Mumbai , June 4 BANK of Baroda has raised a syndicated loan of $150 million from the international market at a rate of 30.6 basis points over LIBOR for one year, said a press release from the bank. It will be utilised by the bank for funding assets for its overseas operations. The original amount of the loan was $125 million. However, considering the good demand the bank exercised its Greenshoe option of $25 million, thereby raising a total of $150 million, the release added.
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