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Bank of Baroda has raised Rs 1,000 crore through bonds

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Bank of Baroda has raised Rs 1,000 crore through issuance of Basel III complaint additional tier I bonds.

The bonds are going to bear a coupon rate of 9.14 percent. The bank has issued 10,000 bonds of face value of Rs 10 lakh each.

The bank, to comply with Basel-III Capital Regulations, needs to improve and strengthen their capital planning processes.

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