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Bank of Baroda raises Rs 1,000 cr via bonds

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.
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