India’s Bank of Baroda plans to raise up to $602 million, including a greenshoe option of $482 million, through 10-year infrastructure bonds. The state-run bank is set to invite bids from bankers and investors this month. In November, it raised $602 million via infrastructure bonds with a 10-year maturity at a 7.68% coupon. Additionally, State Bank of India aims to raise $602.56 million, including a greenshoe of $361.54 million, through Basel III-compliant additional tier-I bonds. The country’s largest lender has invited bids for this perpetual bond issue, offering a call option at the end of the tenth year.
Bank of Baroda to Raise $602 Million via 10-Year Infrastructure Bonds
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