BoB Raises Rs 3,500 cr through Tier-2 bonds

Bank of Baroda successfully raised Rs 3,500 crore through tier-2 bonds on Wednesday at a coupon rate of 7.41%. The bonds had a base issue for Rs 1,000 crore, with option for an additional subscription of `2,500 crore, for which bids worth Rs 9,500 crore were received, sources said. The bonds…