NEW DELHI, July 12: Public lender Bank of Baroda is set to raise up to Rs 3,000 crore through Basel III compliant bonds.
“The finance committee of our bank approved today issuance of AT-1 capital bonds compliant with Basel III capital regulations… For a minimum amount of Rs 500 crore with greenshoe option and total issuance not to exceed Rs 3,000 crore,” the bank said in a regulatory filing today.
The raising of funds will be in single or multiple tranches. (PTI)
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