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Bank of Baroda to raise Rs 2,000 crore through bonds

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Leading public sector lender, Bank of Baroda (BoB) has announced its plan to raise Rs 2,000 crore through issuance of bonds.

In a filing with the stock exchange, Bank of Baroda said, “The Capital Raising Committee of our bank has today approved the issuance of Basel III Complaint Additional Tier I Bonds for aggregate total issue size not exceeding Rs 2,000 crore in single or multiple tranches.”

“The amount will be used to fund its growth plans,” the filing added.

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