Infrastructure News

Bank of Baroda raises Rs 5,000 crore via infrastructure bonds, ET Infra

NEW DELHI: State-owned Bank of Baroda (BoB) on Thursday said it has raised Rs 5,000 crore through the issuance of long-term infrastructure bonds.

The bank received a total of 128 bids amounting to Rs 14,950 crore against the total issue size of Rs 5,000 crore (base issue of Rs 1,000 crore and greenshoe option to retain oversubscription up to Rs 4,000 crore), BoB said in a statement.

It accepted bids for Rs 5,000 crore at a coupon of 7.57 per cent per annum.

  • Published On Jan 26, 2024 at 08:22 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Get updates on your preferred social platform

Follow us for the latest news, insider access to events and more.

Source link