Bank of Baroda raises Rs 5,000 cr via infra bonds at 7.23%
Mumbai: State-owned Bank of Baroda (BoB) has successfully raised Rs 5,000 crore through ten-year infrastructure bonds at a coupon rate of 7.23%, media reported.
BoB’s infrastructure bond, rated AAA by CRISIL and India Ratings, featured a base issue of Rs 2,000 crore with a green shoe option of Rs 3,000 crore.
Business Standard reported citing sources that BoB received an overwhelming market response, with total demand reaching Rs 14,830 crore—7.5 times the base issue size and nearly three times the total issue size—across 110 bids.
The bank decided to retain the full issue size of Rs 5,000 crore.
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