01-01-1970 12:00 AM | Source: Reuters
Bank of Baroda to issue 6-month CD - traders
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India's Bank of Baroda plans to raise funds through a sale of certificates of deposits maturing in six months, three merchant bankers said on Tuesday.
The state-run lender will offer a yield of 7.30% on the issue, and it has received commitments worth around 8 billion rupees ($96.76 million) so far, they said.
The notes are rated A1+ by CRISIL and will mature on Jun. 9.
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