Published on 12/2/2016 in the Prospect News Emerging Markets Daily.
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
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Amount: | Rs. 10 billion
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Description: | Additional tier 1 Basel III compliant bonds, series VI
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Maturity: | Perpetual
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Coupon: | 8½%
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Allotment date: | Dec. 2
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Distribution: | Private placement
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