Business Daily from THE HINDU group of publications
Friday, Dec 28, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Dec 28, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Corporate Bonds Bank of Baroda raises Rs 500 cr through bonds Our Bureau New Delhi, Dec. 27 Bank of Baroda on Thursday raised Rs 500 crore through Upper Tier-II bonds to fund business growth. These bonds, which are in the nature of Promissory Notes, carry an annual coupon of 9.30 per cent and has a tenure of 15 years with a call option at the end of 10 years. The Bonds Series VII, with a face value of Rs 10 lakh each, was opened for subscription on December 27. Having received full subscription, the bank has decided to exercise the option of early closure of the issue, BOB said in a filing with the Bombay Stock Exchange. On Thursday, the bank’s shares closed up 2.44 per cent at Rs 431 on the BSE. More Stories on : Corporate Bonds | Public Sector Banks
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