New Issue: India’s Bank of Baroda prices Rs. 10 billion tier 1 bonds at 8½%

New York, Dec. 2 – Bank of Baroda issued Rs. 10 billion of 8½% perpetual additional tier 1 Basel III compliant bonds, according to an announcement from the company.

The securities were allotted on Dec. 2 to a single buyer in a private placement.

The lender is based in Vadodara, India.

Issuer:	Bank of Baroda
Amount:	Rs. 10 billion
Description:	Additional tier 1 Basel III compliant bonds, series VI
Maturity:	Perpetual
Coupon:	8½%
Allotment date:	Dec. 2
Distribution:	Private placement

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