Bank of Baroda raises $700 million in first overseas bond issue since 2019
Bank of Baroda raised $700 million through three-year and five-year dollar bonds, marking its first overseas issue in over seven years. Strong investor demand helped tighten pricing, with proceeds aimed at leveraging RBI’s special swap window.
Avenue Supermarts is preparing to venture into the corporate debt market shortly. The retailer intends to secure around ten billion rupees via bonds with a maximum maturity of three years. Notably, the company last issued bonds back in October 2019. There is significant interest from mutual funds in these investment opportunities.
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