Bank of Baroda raises $350 million under MTN Programme

Bank of Baroda has announced that the Bank through its London Branch has raised USD 350 mn by way of 5-1/2 years Senior Unsecured Bonds maturing on October 07, 2015. The Bond carries a coupon of 4.75% with the yield to maturity of 4.886. The borrowing is to fund the Bank's overseas assets growth.

The stock was trading at Rs.650, up by Rs.13.35 or 2.10%. The stock hit an intraday high of Rs.652.50 and low of Rs.636.80.

The total traded quantity was 52183 compared to 2 week average of 90866.

Source : Equity Bulls

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