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India’s Bank of Baroda eyes Rs. 10 billion private placement of bonds
By Devika Patel
Knoxville, Tenn., Jan. 6 – Bank of Baroda informed the Bombay Stock Exchange that it plans to raise Rs. 10 billion in a private placement of Basel III compliant tier 1 bonds.
As previously reported, the company said on Nov. 26 that it planned a similar issue of Rs. 10 billion of Basel III compliant tier 1 bonds, with a Rs. 5 billion greenshoe, but then said on Dec. 1 that it was deferring the issue.
The bank is based in Valdodara, India.
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