Bank of Baroda (BoB) has raised Rs 50 billion through infrastructure bonds. The bonds have a maturity period of 10 years and carry a coupon rate of 7.23 per cent.
The issue comprised a base issue of Rs 20 billion and a greenshoe option of Rs 30 billion. Notably, the issuance was oversubscribed 7.5 times the base issue, reaching Rs 148.3 billion.