Bank of Baroda raises ₹5,000 cr via infra bonds; here’s how stock reacts
The issue received an overwhelming response from investors with a total of 105 bids amounting to ₹14,215 crore against the total issue size of ₹5,000 crore.
The issue received an overwhelming response from investors with a total of 105 bids amounting to ₹14,215 crore against the total issue size of ₹5,000 crore.
SBI’s infra bonds had a base issue size of ₹4,000 crore and a greenshoe option of ₹6,000 crore.
Fundraising also includes a greenshoe option of ₹5,000 cr. SBI stock rises to an intra-day high of ₹613.50.
The improvement in credit profile reflects the raft of policy decisions that have helped shore up the attractiveness of India's infra sector, says CRISIL.
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.