India New Issue-Bank of Baroda to issue 10-year infra bonds, bankers say

Bank of Baroda

13/01/2025 03:01

MUMBAI, Jan 13 (Reuters) - India's Bank of Baroda  BOB.NS  plans to raise 50 billion
rupees ($580.7 million), including a greenshoe option of 30 billion rupees, by selling
infrastructure bonds maturing in 10 years, three bankers said on Monday.
    The state-run lender has invited coupon and commitment bids for the issue on Wednesday, they
said.
    In September, it had raised 50 billion rupees through 10-year infra bonds at a 7.26% coupon.
    The lender did not immediately reply to a Reuters email seeking comment. 
    
 
 Here is the list of deals reported so far on Jan. 13: 
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)*    date         
                                                                      
 Bank of        10 years  To be decided           20+30  Jan. 15      AAA (Crisil,
 Baroda                                                               India Ratings)
 
*Size includes base plus greenshoe for some issues



($1 = 86.1090 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))