New Delhi: Bank of Baroda is mulling raising capital by issuing long-term bonds to finance infrastructure and affordable housing sectors in the country.

A meeting of the investment committee will be convened later this month to get approval, Bank of Baroda said in a regulatory filing on Thursday.

"The Investment Committee meeting of our bank is scheduled to be held on July 16, 2022 to finalise the quantum and timing of issuance of long-term bonds for the financing of infrastructure and affordable housing, out of the board approved limit of Rs 5,000 crore," it said.

The stock of Bank of Baroda closed 5.63 percent higher at Rs 105.05 apiece on BSE.

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