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Bank of Baroda plans to tap offshore market with $500 million bond sale

Buzz line3 months ago07 mins

Bank of Baroda, India’s second-largest public sector lender, is preparing to raise about $500 million through an issue of US dollar bonds as part of its $4 billion medium-term note programme, according to a document seen by mint. The bank has invited bids to appoint joint lead managers for the proposed issuance, signaling the start…

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