{"id":7779,"date":"2020-07-20T20:02:26","date_gmt":"2020-07-20T20:02:26","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=7779"},"modified":"2020-07-20T20:02:26","modified_gmt":"2020-07-20T20:02:26","slug":"bank-of-baroda-raises-rs-764-crore-by-issuance-of-basel-iii-compliant-bonds-bfsi-news-et-bfsi","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=7779","title":{"rendered":"Bank of Baroda raises Rs 764 crore by issuance of Basel III compliant bonds, BFSI News, ET BFSI"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"section1\">\n<div class=\"Normal\"><a href=\"https:\/\/bfsi.economictimes.indiatimes.com\/tag\/the+bank+of+baroda\">The Bank of Baroda<\/a> on Friday said that it has raised Rs 764 crore by issuing <a href=\"https:\/\/bfsi.economictimes.indiatimes.com\/tag\/basel+iii\">Basel III<\/a> compliant bonds through private placement. The bank stated in a regulatory filing that the bank has issued and allotted an unsecured rated listed subordinated non-convertible fully paid-up Basel III additional tier 1 perpetual bond. The bond&#8217;s coupon rate is 8.25%. Perpetual bonds have no maturity date, so they can be treated as equity rather than debt.<\/p>\n<p>The public sector bank stated that the issuance of the bond opened on July 15 and was closed on the same day. On July 17, a total of 18 allotments were done . To comply with <a href=\"https:\/\/bfsi.economictimes.indiatimes.com\/tag\/the+basel+iii+capital+regulations\">the Basel III Capital Regulations<\/a>, banks need to improve and strengthen their capital planning process.<\/p>\n<p>These regulations are implemented to alleviate potential pressure on asset quality and concerns about the impact on bank performance and profitability. Since April 1, 2013, the Indian <a href=\"https:\/\/bfsi.economictimes.indiatimes.com\/news\/banking\">banking<\/a> system has implemented Basel III standards in phases. It is expected that banks will fully implement these regulations by March 2020.<\/p>\n<\/div>\n<\/div>\n<p><\/p>\n<div style=\"font-weight:bold\" class=\"site-follow-article-detail\">Follow and connect with us on <a href=\"https:\/\/twitter.com\/ETBFSI\" class=\" twitter\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" aria-label=\"Follow On Twitter\">Twitter<\/a>, <a href=\"https:\/\/www.facebook.com\/ET-BFSI-485949031940865\/\" class=\" fb\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" aria-label=\"Follow On Facebook\">Facebook<\/a>, <a href=\"https:\/\/www.linkedin.com\/company\/14599667\" class=\"linkedin\" target=\"_blank\" rel=\"noreferrer nofollow noopener\">Linkedin<\/a><\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;version=v4.0\"><\/script><script>\n  !function(f,b,e,v,n,t,s)\n  {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n  n.callMethod.apply(n,arguments):n.queue.push(arguments)};\n  if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n  n.queue=[];t=b.createElement(e);t.async=!0;\n  t.src=v;s=b.getElementsByTagName(e)[0];\n  s.parentNode.insertBefore(t,s)}(window, document,'script',\n  'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n  fbq('init', '905994023094530');\n  fbq('track', 'PageView');\n<\/script><br \/>\n<br \/><a href=\\\"https:\/\/bfsi.economictimes.indiatimes.com\/news\/banking\/77065721?utm_source=RSS&#038;utm_medium=ETRSS\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Baroda on Friday said that it has raised Rs 764 crore by issuing Basel III compliant bonds through private placement. The bank stated in a regulatory filing that the bank has issued and allotted an unsecured rated listed subordinated non-convertible fully paid-up Basel III additional tier 1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7780,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-7779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/07\/bank-of-baroda-raises-rs-764-crore-by-issuance-of-basel-iii-compliant-bonds.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7779"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/7780"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}