From THE HINDU group of publications
Sunday, December 10, 2000
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From THE HINDU group of publications Sunday, December 10, 2000 |
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BoB for call option on its seven-year bonds
Bank of Baroda (BoB) proposes to exercise the call option shortly on its Rs 500-crore seven-year bonds that were issued in 1996.
The bonds, which mature in 2003, carry an interest rate of 16 per cent. It is understood that this strategy is to take advantage of the lower interest rates that are prevailing at present and also to strengthen the balance-sheet ahead of next year's likely ADR or GDR issue.
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