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

Bank of Baroda

22/08/2024 03:58

MUMBAI, Aug 22 (Reuters) - India's Bank of Baroda  BOB.NS  plans to
raise 50 billion rupees ($595.84 million), including a greenshoe of 30 billion
rupees, through sale of infrastructure bonds maturing in 10 years, three
bankers said on Thursday. 
    The state-run bank has invited coupon and commitment bids from bankers and
investors on Monday, they said.
    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. 22: 
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      
                                         bln rupees)*    date         Rating
                                                                      
                                                                      
 Bank of         10 year  To be decided           20+30  Aug 26       AAA
 Baroda                                                               (Crisil)
 
*Size includes base plus greenshoe for some issues


($1 = 83.9150 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman
)
 ((Dharamraj.dhutia@tr.com))