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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.