Debt financing

BoB may raise $1-B via senior unsecured notes

Business Line  

Bank of Baroda may raise USD 1 Billion through the issuance of senior unsecured notes. The proposed fundraising is intended to provide leverage to the bank's non-resident Indian customers who wish to place fresh foreign currency non-resident bank deposits at higher interest rates.

For FY26, Bank Of Baroda had reported about INR 126,994 Cr in Operating Income and about INR 20,021 Cr in PAT.

Want to receive such news items in your inbox? Click Here to sign up for a trial.

2021 © TSJ Media Pvt Ltd. All rights reserved.