Bank of Baroda approves ?10,000 crore bond issuance for infrastructure and affordable housing

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Bank of Baroda approves ?10,000 crore bond issuance for infrastructure and affordable housing

//business-finance.news-articles.net/content/202 .. e-for-infrastructure-and-affordable-housing.html

Published in Business and Finance on Wednesday, December 18th 2024 at 9:20 GMT by Business Line
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Bank of Baroda plans to raise â‚¹10,000 crore through long-term bonds for infrastructure and affordable housing projects.

Bank of Baroda has received approval from its board to issue bonds worth up to ₹10,000 crore. These bonds will be utilized to finance infrastructure projects and affordable housing initiatives. The issuance will be executed in multiple tranches over the next year, with each tranche not exceeding ₹5,000 crore. This move is part of the bank's strategy to support key sectors of the economy and aligns with national priorities for development in infrastructure and housing.

Read the Full Business Line Article at:
[ https://www.thehindubusinessline.com/money-and-banking/bank-of-baroda-approves-10000-crore-bond-issuance-for-infrastructure-and-affordable-housing/article69000918.ece ]

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Bank of Baroda approves ?10,000 crore bond issuance for infrastructure and affordable housing