Bank of Baroda, Canara Bank to float bonds worth Rs 4,500 crore
Fri, Feb 9, 2024 3:11 PM

Bank of Baroda, Canara Bank to float bonds worth Rs 4,500 crore

A Flip by Shubhangi Gupta
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State-owned banks, Bank of Baroda and Canara Bank, are planning to issue bonds worth Rs 4,500 crore. Canara Bank will raise up to Rs 2,000 crore through Additional Tier-I bonds, while Bank of Baroda plans to raise Rs 2,500 crore via Tier-II bonds. The bidding for the bonds will take place in February, with a minimum application size of Rs 1 crore.

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