BoB Raises Rs50 Bn via Infra, Affordable Housing Bonds

The Bank received total bids of Rs10,350 crore

Bank of Baroda

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.

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