Bank of Baroda to raise up to Rs 2,500 cr via Basel III compliant bonds
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Synopsis
The 'Capital Raising Committee' has approved a proposal to raise tranche I of Basel III compliant Tier II bonds with a base issue size of Rs 1,000 crore with a green-shoe option to retain oversubscription of up to Rs 1,500 crore, it said in a BSE filing.
The bank's shares were trading at Rs 219.20 apiece on BSE, down 0.36 per cent over the previous close.