State-owned Financial institution of Baroda (BoB) on Saturday stated it proposes to lift as much as Rs 15,000 crore via bonds to fund enterprise development.
The financial institution’s capital elevating committee in its assembly on Saturday authorized the issuance of tier II/sub-tier debt securities value Rs 2,000 crore with an choice for Greenshoe to lift one other Rs 3,000 crore for a complete of Rs 5,000 crore (10 years with a buyout choice on the finish). 5 years in the past,” the Financial institution of Bahrain stated in a regulatory submitting.
The financial institution has additionally determined to subject infrastructure bonds value Rs 2,000 crore with a Greenshoe choice to lift an extra quantity of Rs 8,000 crore for a complete subject dimension of Rs 10,000 crore (tenor as much as 7 years).
(Solely the title and picture of this report might have been reworked by Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)
First printed: November 18, 2023 | 9:29 pm he
(tags for translation) Financial institution of Baroda (R) Bond Market