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Bank of Baroda has raised Rs 1,000 crore through issuance of bonds which are compliant with global capital adequacy norms or Basel III.
It has said in a regulatory filing that the bank has issued and allotted bonds with issue size of Rs 1,000 crore on December 2, 2016.
The bonds will be carrying the interest rate of 8.5 percent and the bonds are in nature of unsecured perpetual bonds.
