BoB raises ₹2,500 crore via Tier-1l bonds at 7.57%

 Bank of Baroda on Wednesday raised 32,500 crore through its second tranche of Basel lll compliant Tier-1l bond at a coupon rate of 7.57 per cent, surpassing market expectations of7.63 per cent to 7.65 percent. The bonds areissued foratenorof10years, with the first call option after 5 years.                                                                                                                                                                     ANJALI KUMARI