Bank of Baroda raises Rs.969 crore through private bonds

Bank of Baroda revealed on January 13, 2021 that it has managed to raised over Rs.969 crore through private placement of bonds. The funds was raised through fully paid up unsecured subordinated non-convertible Basel III Compliant Additional Tier I Bonds.

And the offered amount is 8.15%. Bank of Baroda is a state run bank an its current share value is Rs.75.35.