Wednesday, November 29, 2023

 #A3RT @arbindtiwariT


#BankBaroda will float bonds worth Rs 5,000 crore on November 30, money market sources said. The issue has a base size of Rs 1,000 crore and retains over subscription of Rs 4,000 crore.

The bonds will mature in 10 years or on December 1, 2033, sources added.

Bidding for these bonds will take place on November 30, between 11 am and 12 pm on the electronic bidding platform of the National Stock Exchange of India.

The pay-in date of the bonds is December 1. The pay-in date is a date when the exchange of bonds and funds will take place between the issuer and investors.

The bonds have been rated 'AAA' with a 'Stable' outlook by CRISIL and India Ratings. The minimum application size of the bonds is Rs 1 lakh and in multiples of Rs 1 lakh.

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