Bank of Baroda has received approval to raise funds through issuance of Basel III Compliant Additional Tier I Bonds for aggregate total issue size not exceeding Rs 1,650 crore, with a base issue size of Rs 500 crore and a Green Shoe Option to retain oversubscription up to Rs 1,150 crore. The Board of Directors of the Company at its meeting held on August 26, 2019 has approved the same.
The board also approved issue of Basel III Compliant Tier II Capital Bonds Compliant with Basel III for aggregate total issue size not exceeding Rs 500 crore, with a base issue size of Rs 250 crore and a Green Shoe Option to retain oversubscription up to Rs 250 crore.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
