Bank of Baroda to raise Rs 5,000 cr through bonds, employee stock option

Bank of Baroda (BoB) was looking to raise around Rs 5,000 crore through bonds and employee stock option plan (ESOP) this month, informed BoB managing director and CEO P S Jayakumar. The move comes a day after the public sector lender received capital infusion of Rs 7,000 crore from the Centre.

While, Rs 4,000 crore of tier I capital is proposed to be raised by issuing bonds, the remaining Rs 1,000 crore to Rs 1,200 crore is expected to be mopped up from the ESOP route, depending upon the response from bank employees.

“After the ESOP scheme closes by the middle of