Question

    Which of the following public sector bank had raised Rs

    1,000 crore through issuance of bonds for financing infrastructure and affordable housing projects?
    A Central Bank Correct Answer Incorrect Answer
    B Union Bank Correct Answer Incorrect Answer
    C Bank of Baroda Correct Answer Incorrect Answer
    D Punjab National Bank Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Bank of Baroda raised Rs 1,000 crore through issuance of bonds for financing infrastructure and affordable housing projects. The bonds, with a tenure of seven years, will offer a coupon rate of 7.39 per cent.

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