Bank of Baroda is planning to raise debt capital for the Bank through the issuance of Basel III Compliant Tier II Bonds / Additional Tier 1 Bonds.
The bank’s capital raising committee (CRC) of whole-time directors' meeting is scheduled to be held on September 18, 2019, to consider the same.
“We advise that meeting of the Capital Raising Committee (CRC) of Whole Time Directors of the Bank is scheduled to be held on 18.09.2019 to consider raising of debt capital for the Bank through the issuance of Basel III Compliant Tier II Bonds / Additional Tier 1 Bonds,” the bank said in a filing.
Bank of Baroda is currently trading at Rs98.15, down by Rs3.1 or 3.06% from its previous closing of Rs101.25 on the BSE.
The scrip opened at Rs100.90 and has touched a high and low of Rs101.35 and Rs96.75 respectively.
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