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Published on 10/10/2017 in the Prospect News Emerging Markets Daily.

India’s Bank of Baroda approves Rs. 5 billion of tier 1 Basel 3 bonds

By Sarah Lizee

Olympia, Wash., Oct. 10 – Bank of Baroda informed the Bombay Stock Exchange that the finance committee of its board of directors approved an issue of Rs. 5 billion of Basel 3 compliant additional tier 1 bonds.

There is also a greenshoe option for a total maximum amount of Rs. 16.5 billion.

The bank is based in Valdodara, India.


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