The Board of Directors of Bank of Baroda (BoB) on Monday approved a proposal for raising funds to the tune of ₹5,000 crore via issuance of long-term bonds for financing of infrastructure & affordable housing.
These bonds will be issued in single or multiple tranches during financial year 2022-23, BoB said in an exchange filing.
These bonds shall be senior, unsecured and will not form part of capital of the bank, as per the filing.
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