Bank Of Baroda raises Rs 969 cr through bonds

India based Bank of Baroda on Wednesday said, “It has raised Rs 969 crore through issuance of bonds on private placement basis.”

In a filing with the exchange, Bank of Baroda said, “The bank has raised Rs 969 crore through Unsecured, Subordinated non-convertible fully paid Basel III compliant additional Tier I bonds.”

“The coupon offered on the bonds is at 8.5 percent,” it added.