Bank of Baroda raises Rs. 5,000 crore

The issue received a strong response from investors with total demand of Rs. 14,830 crore from 110 bids 

Bank of Baroda raises Rs. 5,000 crore

Mumbai, January 16, 2025: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced that it has raised Rs. 5,000 crore through the issuance of Long-Term 10-year Infrastructure Bonds. The Bank received a strong response from investors, with cumulative demand of Rs. 14,830 crore from 110 bids, against the total issue size of Rs. 5,000 crore (Base issue of Rs. 2,000 crore and Greenshoe option to retain oversubscription up to Rs. 3,000 crore).

This translates to 7.4 times the base issue size and ~3 times the total issue size. The Bank retained full issue size of Rs. 5,000 crore at a competitive rate of 7.23%.

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These bonds are senior, unsecured, listed, rated, taxable, having a fixed maturity of 10 years from the date of allotment.

The allotment of the bonds took place on 16th January 2025.

The bonds are rated ‘AAA’ with a Stable outlook by CRISIL Ratings & India Ratings.

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About Bank of Baroda

Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of ~165 million through over 70,000 touch points spread across 17 countries in five continents and through its various digital banking platforms, which provide all banking products and services in a seamless and hassle-free manner. The Bank’s vision matches the aspirations of its diverse clientele base and seeks to instil a sense of trust and security in all their dealings with the Bank.

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