SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 06 Aug, 2022  

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

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
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 :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter