Bank of Baroda board approves raising up to 15000 crores via long term bonds
BANKBARODA · price
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Bank of Baroda's Board has approved raising long term bonds of up to Rs. 10,000 crores for financing infrastructure and affordable housing, including a Long Term Green Infrastructure Bond. This is in addition to Rs. 5,000 crores remaining from a previous approval, taking the total issue size to up to Rs. 15,000 crores. The bonds will be issued in single or multiple tranches during FY 2025-26 and beyond, subject to feasibility.
Bond raise of up to Rs 15,000 crores strengthens infrastructure and affordable housing lending capacity; no equity dilution.