India New Issue-Bank of Baroda accepts bids for 10-yr infra bonds, bankers say

Bank of Baroda

26/08/2024 08:21

MUMBAI, Aug 26 (Reuters) - India's Bank of Baroda  BOB.NS  has accepted bids worth 50
billion rupees ($596.4 million) for infrastructure bonds maturing in 10 years, three bankers
said on Monday.
    The state-run bank had invited coupon and commitment bids from bankers and investors earlier
in the day. 
    In December, Bank of Baroda raised 50 billion rupees via 10-year infrastructure bonds at a
coupon of 7.68%.
    
 
 Here is the list of deals reported so far on Aug. 26:
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      
                                         bln rupees)*    date         Rating
                                                                      
                                                                      
 Bank of        10 years  7.30                       50  Aug. 26      AAA
 Baroda                                                               (Crisil
                                                                      )
 
*Size includes base plus greenshoe for some issues



($1 = 83.8390 Indian rupees)

 (Reporting by Bhakti Tambe and Dharamraj Dhutia)
 ((Bhakti.Tambe@thomsonreuters.com))