Bank of Baroda (BoB) has raised ₹1,000 crore through the issuance of long-Term bonds for financing infrastructure and affordable housing.

The Bonds are of seven year tenor and carry a coupon rate of 7.39 per cent, the public sector bank said in a statement, adding it received total bids of ₹4714.40 crore against the issue size of ₹1000 crore.

“These bonds are Senior, Unsecured, Listed, Rated, Taxable Bonds, having a fixed maturity of 7 years from the date of allotment. The allotment of these bonds took place on August 17, 2022,” the Bank said.

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