Bank of Baroda committee to mull raising funds next week

New Delhi: The capital raising committee (CRC) of state-run Bank of Baroda (BoB) will meet next week to take a call on raising funds through bonds, the bank informed the exchange on Friday.

"The capital raising committee (CRC) of whole time directors of the bank is scheduled to be held on September 18 to consider raising of debt capital for the bank through issuance of Basel III compliant tier II bonds /additional tier 1 bonds," Bank of Baroda said in a regulatory filing.
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The bank, however, did not divulge any details on the quantum of funds it plans to raise.

Bank of Baroda shares were trading 4 percent lower against their previous close at Rs 97.20 apiece on the Bombay Stock Exchange (BSE).