NEWS

Bank of Baroda raises Rs 969 crore

Bank of Baroda has raised over Rs 969 crore through a private placement of bonds.

Bank of Baroda has raised over Rs 969 crore through a private placement of bonds.

The fund raised through Unsecured Subordinated Non-Convertible fully paid up Basel III Compliant Additional Tier I Bonds, BoB said on Wednesday in a regulatory filing.

The coupon offered on the bond is 8.15%