Bank of Baroda approves raising up to Rs1,650cr via tier-1 bonds; stock climbs ~3%

Further, the bank said that issuance of Basel III Compliant Tier II Capital Bonds Compliant with Basel III Capital regulations of the Reserve Bank of India for aggregate total issue size not exceeding R500cr, with a base issue size of Rs250cr and a Green Shoe Option to retain oversubscription up to Rs250cr.

from India Infoline News Service https://ift.tt/2ZpKUXf