Bank of Baroda raises $700 million in bond issuance
pre-market1 source ↓written by the desknot a recommendation
- through a dual-tranche
- $700 million
- in three-year notes
- $400 million
- three-year notes
- 5.114%
- in five-year notes
- $300 million
- five-year notes
- 5.318%
Bank of Baroda successfully raised $700 million through a dual-tranche bond issuance, comprising $400 million in three-year notes at 5.114% and $300 million in five-year notes at 5.318%. The issuance attracted strong demand, with an order book peaking at $2.67 billion, nearly 3.8 times the issue size. This move enhances the bank's capital position and reflects robust investor confidence.
Not investment advice. For informational purposes only.