Bank of Baroda issues Rs 2,474 crore AT-1 bonds

130
1
Bank of Baroda issues Rs 2,474 crore AT-1 bonds

The Bank of Baroda issued additional tier 1 AT- 1 bonds worth Rs 2,474 crore on Tuesday, at a cutoff of 7.88 per cent, which is much less than the rates at which other lenders in the public sector such as and issued bonds last month, sources told Business Standard.

Business Standard has always tried to provide up-to-date information and commentary on developments that are of interest to the country and the world and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has made our resolve and commitment stronger. Even during the difficult times arising out of Covid-19, we continue to be committed to keeping you informed and informed with credible news, authoritative views and incisive commentary on topical issues of relevance.

We have a request. As we fight the economic impact of the epidemic, we need your support even more, so we can continue to offer you quality content. Many of you have subscribed to our online content because of our subscription model. We want to make sure you get better and more relevant content, and that's why you should subscribe to our online content. We believe in free, fair, and credible journalism.