SME Times is powered by   
Search News
Just in:   • BRICS playing bigger role in new world economic order  • S. Korea's nominal GDP grows at fastest pace in 47 years in April-June  • South Africa envoy says trade with India to get booster shot at BRICS meet  • India, IMF discuss growth outlook, global trade shifts and macroeconomic cooperation  • Exporters can now apply for certificates of origin directly from their business software: Govt 
Last updated: 06 Aug, 2022  

BOB.9.Thmb.jpg Bank of Baroda to raise Rs 1,000 cr via infrastructure & affordable housing bonds

BOB.9.jpg
   Top Stories
» BRICS playing bigger role in new world economic order
» Sensex, Nifty open lower as IPO rush, Middle East tensions weigh on sentiment
» Sensex, Nifty post notable gains in early trade led by IT stocks
» Govt notifies ‘One Nation, One Time’ rules to develop modern digital, critical infra
» DGFT automates issuance of Free Sale and Commerce Certificates for exporters
IANS | 06 Aug, 2022
Bank of Baroda, the second largest state-owned bank, is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12, a source close to the development told IANS.

"The likely tenure for the bonds is seven years and have Rs 250 crore as base issue and Rs 750 crore as greenshoe," the source said.

The auction for the infrastructure and affordable housing bonds is expected to be held on August 12 on the BSE's bidding platform.

During the bidding, better coupon is expected to set on the bonds considering the higher demand for PSU bonds.

The bonds have got 'AAA' ratings with 'Stable' outlook from ICRA and India Ratings and Research.

On June 27, the board of directors of the bank has approved raising Rs 5,000 crore through Long term Bonds for financing of infrastructure and affordable housing.

The source said Rs 5,000 crore is expected to raise by the bank in tranches.

Whereas, on July 16, the investment committee of the bank approved raising Rs 1,000 crore through this bonds.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹96.5
₹94.8
UK Pound
₹132.25
₹128.15
Euro
₹113.6
₹109.8
Japanese Yen ₹61.3 ₹59.45
As on 03 Sep, 2026
  Daily Poll
What’s your biggest challenge with the 45-day payment rule?
 Corporates canceling our orders
 Clients demanding longer credit anyway
 Strained business relationships
 Filing complaints kills future work
 No issues, cash flow has improved
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter