India New Issue-Bank of Baroda to seek bids for infra bonds next week, bankers say

Bank of Baroda

19/08/2024 09:53

MUMBAI, Aug 19 (Reuters) - India's Bank of Baroda  BOBXL.UL  is planning to raise up to
50 billion rupees ($596 million), including a greenshoe of 30 billion rupees, by selling
infrastructure bonds maturing in 10 years, three bankers said on Monday.
    The state-run bank is likely to invites bids from bankers and investors next week, 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. 19: 
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding        Rating
                                         bln rupees)*    date         
                                                                      
 Bank of        10 years  To be decided           20+30  To be        AAA
 Baroda                                                  decided      (Crisil)
 
*Size includes base plus greenshoe for some issues

($1 = 83.8860 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Savio D'Souza)
 ((Bhakti.Tambe@thomsonreuters.com))