Bank of Baroda to issue 10-year infra bonds, say bankers

Bank of Baroda aims to raise Rs 50 billion ($595.5 million), including a Rs 30 billion greenshoe option, through 10-year infrastructure bonds, according to three bankers on Thursday. The state-owned lender will seek coupon and commitment bids for the issue on Friday. In August, the bank raised Rs 50 billion through 10-year infrastructure bonds at a 7.30% coupon. Below is the list of reported deals as of September.