The Bank received total bids of Rs10,350 crore
FinTech BizNews Service
Mumbai, December 1, 2023: Bank of Baroda (Bank), one of India’s leading public
sector banks, announced that it has raised Rs5,000 crore on 30 th November, 2023
through the issuance of Long-Term Bonds for financing Infrastructure and Affordable
Housing. The Bank received total bids of Rs10,350 crore against the total issue size
of Rs5,000 crore (Base issue of Rs1000 crore and Greenshoe option of Rs. 4000
crore). The Bank accepted bids for Rs5,000 crore at a coupon of 7.68% p.a.
These bonds are Senior, Unsecured, Listed, Rated, Taxable Bonds, having a fixed
maturity of 10 years from the date of allotment. The allotment of these bonds took
place on 1st December, 2023. The bonds are rated AAA with a Stable outlook by
CRISIL and India Ratings.
