Bank of Baroda raises $700 million via dollar bonds
pre-market1 source ↓written by the desknot a recommendation
- through a dual-tranche
- $700 million
- in three-year bonds
- $400 million
- spread
- 90 bps
- in five-year bonds
- $300 million
- over Treasuries
- 100 bps
India's Bank of Baroda raised $700 million through a dual-tranche dollar bond sale, achieving tighter spreads than initially expected. The lender secured $400 million in three-year bonds at a 90 bps spread and $300 million in five-year bonds at 100 bps over Treasuries. This move reflects strong market confidence and government backing.
Not investment advice. For informational purposes only.