 "Bank of Baroda to raise Rs 5,000 crore via long-term infrastructure bonds")
Public sector lender Bank of Baroda on Monday said it will raise Rs 5,000 crore by issuing long-term infrastructure bonds.
The board of directors in its meeting held on Monday approved the proposal of issuing long-term bonds for financing infrastructure projects and affordable housing worth to the tune of Rs 5,000 crore, the bank said in a regulatory filing.
The money will be raised in single or multiple tranches during financial year year 2022-23.
These bonds shall be senior, unsecured and will not form part of capital of the bank, it said.
Bank of Baroda stock closed flat at Rs 99.95 apiece on BSE on Monday.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app