Bank of Baroda Raises Rs 1000 crore through the Issuance of Infrastructure and Affordable Housing Bonds

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Bank of Baroda Raises Rs 1000 crore through the Issuance of Infrastructure and Affordable Housing Bonds.

Bank of Baroda (Bank), one of India’s leading public sector banks, today announced that it has successfully raised Rs. 1000 crore through the issuance of Long-Term bonds for financing Infrastructure and Affordable Housing. The Bank received total bids of Rs. 4714.40 crore against the issue size of Rs. 1000 crore. The Bank accepted bids for Rs. 1000 crore at a coupon of 7.39% p.a.

These bonds are Senior, Unsecured, Listed, Rated, Taxable Bonds, having a fixed maturity of 7 years from the date of allotment.

The allotment of these bonds took place on August 17, 2022.

The bonds are rated AAA with a Stable outlook by ICRA and India Ratings

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