Bank of Baroda raises Rs 1,000 cr via bonds
Wednesday, March 22, 2017, 9:56 PM
State owned Bank of Baroda said it has raised Rs 1,000 crore by issuing Basel III compliant additional tier I bonds. The bonds will bear coupon rate of 9.14%. The bank issued 10,000 bonds of face value of Rs 10 lakh each. To comply with Basel-III Capital Regulations, banks need to improve and strengthen their capital planning processes.