On February 21, Moneycontrol reported that Bank of Baroda will raise Rs 2,500 crore, which includes Rs 1,500 crore in greenshoe, through bonds.
The bonds shall be redeemed in accordance with the terms of issue on its original maturity of 10 years, the private lender said.
Gross bond issuances by banks surged to Rs. 0.9 lakh crore in 9M FY2023 (Rs. 0.7 lakh crore in FY2022), surpassing the previous high of Rs. 0.8 lakh crore in FY2017.
In a filing to the BSE, HDFC Bank said the board has approved the issue of debt instruments, Tier II bonds and long term infrastructure bonds of up to Rs 50,000 crore.
"The Bank has successfully raised Rs 545 crore from Basel III compliant Tier II bonds on private placement basis. The issue was closed on March 31, 2016," Yes Bank said in a regulatory filing.
The money will be raised in one or more tranches in the current and following years, the bank said.
It has received 'IND AAA' rating with stable outlook to the proposed Tier II bond issuance programme, Canara Bank said in a statement.
"The bank has issued unsecured redeemable non-convertible basel III compliant 10-year Tier II bonds in the nature of debentures (bonds) for inclusion in Tier II capital aggregating to Rs 750 crore," says the lender in its filing.
Bank of Maharashtra will issue NCDs up to Rs 350 crore and Tier II Bonds up to Rs 1000 crore, reports CNBC-TV18. At 09:21 hrs Bank of Maharashtra was quoting at Rs 60.65, up Rs 0.80, or 1.34%
Hemant Contractor, CFO of SBI, told CNBC-TV18 that he expects great enthusiasm from investors towards their bond issue. “We want retail investors to enter bond markets and hope that the idea behind investing in bonds spreads throughout the country,” he adds.