The capital-raising committee of Bank of Baroda, on Monday, approved raising funds aggregating to ₹2,150 crore via issuance of Additional Tier I and Tier II capital bonds.
In a stock exchange notice, the public sector bank said the committee approved issuance of Basel III-Compliant Additional Tier I bonds for an aggregate issue size not exceeding ₹1,650 crore. This issuance will comprise a base issue size of ₹500 crore, and a greenshoe option to retain oversubscription up to ₹1,150 crore.
BoB will also issue Basel III-Compliant Tier II capital bonds for an aggregate issue size not exceeding ₹500 crore, with a base issue size of ₹250 crore, and a greenshoe option to retain oversubscription up to ₹250 crore.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.