Bank of Baroda issued ₹5,000 crore of 10-year infrastructure bonds at 7.26% coupon, marking its second issuance in two weeks.

Bank of Baroda (BoB) raised ₹5,000 crore through a 10-year infrastructure bond issuance at a 7.26% coupon rate, marking its second issuance in two weeks. The offering was oversubscribed, with demand reaching ₹14,215 crore. This issuance exhausts BoB's ₹10,000 crore limit for infrastructure bonds, though it can still raise ₹7,500 crore from additional tier-I or tier-II bonds. Investors included mutual funds, insurers, and pension funds.

September 09, 2024
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