BOB completes Private Placement of Basel III compliant Tier II Bond - Series XVI

Bank of Baroda has privately placed Non-Convertible Redeemable Unsecured Basel Ill complaint Tier II Bonds (Series XVI - Coupon 9.80% p.a) aggregating Rs. 1000/- crores for which allotment process has been completed.

Shares of Bank of Baroda was last trading in BSE at Rs.629.10, down by Rs.13.20 or 2.15%. The stock hit an intraday high of Rs.646 and low of Rs.628.05.

The total traded quantity was 0.57 lakhs as compared to 2 week average of 3.90 lakhs.

Source : Equity Bulls

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