On November 18, Bank of Baroda had announced that its capital raising committee has approved to raise up to Rs 15,000 crore via bonds. This includes a sum up to Rs 5,000 crore through the issuance of tier-II debt bonds and a maximum of Rs 10,000 crore through infrastructure bonds
The bank will issue 10-year tier-II bonds worth Rs 2,000 crore, with the greenshoe option to raise another Rs 3000 crore. Further, the bank will issue 7-year infrastructure bonds amounting to Rs 2,000 crore, with a greenshoe option to raise an additional Rs 8,000 crore.