Bank of Baroda raises USD 700 million in bond issuance
pre-market1 source ↓written by the desknot a recommendation
- the issue size
- 3.8 times
- coupon
- 5.114%
- 5.318%
Bank of Baroda successfully raised USD 700 million through a dual-tranche overseas bond issuance, attracting a peak order book of USD 2.67 billion, nearly 3.8 times the issue size. The 3-year tranche raised USD 400 million at a 5.114% coupon, while the 5-year tranche secured USD 300 million at 5.318%. This strong demand reflects investor confidence and may enhance the Bank's capital position.
Not investment advice. For informational purposes only.