India’s Bank of Baroda plans to raise up to 50 billion rupees ($602 million), including a greenshoe option of 40 billion rupees, through infrastructure bonds maturing in 10 years, three merchant bankers said on Tuesday. The state-run bank is likely to invite bids from bankers and investors for the proposed issue this month, they said. Click here to follow our WhatsApp channel In November, the lender raised 50 billion rupees via infra bonds maturing in 10 years at a coupon of 7.68%. State Bank of India plans to raise up to 50 billion rupees ($602.56 million), including a greenshoe of 30 billion rupees, through Basel III-compliant additional tier-I bonds, three bankers said on…
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Bank of Baroda to raise up to Rs 5,000 cr via infra bonds in Jan: Bankers
