BOB Tier II Bond Issue over subscribed on first day

Bank of Baroda (BOB) has informed that the Issue of Unsecured, Non Convertible Redeemable Subordinated Bonds (Lower Tier II Bonds - Series VI) of the face value of Rs 10/- lacs each for an amount of Rs 500 crores with a green shoe option up to additional Rs 500 crore with a fixed annual coupon of 8.95% p.a., and a tenure of 116 months on private placement basis was opened for subscription on September 01, 2006. Having received over subscription on the first day itself the Bank has decided to exercise the option of early closure of the Issue.

The Bank has decided to close the Issue at 5.00 pm on September 01, 2006.

Source : Equity Bulls

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