New Delhi, Aug. 14 -- Bank of Baroda has raised USD 700 million through an overseas bond issuance, with investor orders peaking at USD 2.67 billion, nearly 3.8 times the final issue size, the public sector bank said.

The fundraise was completed through a dual-tranche issuance of three-year and five-year senior unsecured fixed-rate notes under the bank's USD 4 billion Medium-Term Note Programme.

The bank raised USD 400 million through three-year notes carrying a coupon of 5.114 per cent per annum and another USD 300 million through five-year notes at a coupon of 5.318 per cent per annum. The amounts, maturities and coupon rates were also disclosed by the bank in a stock exchange filing.

Strong investor demand helped Bank of Baroda tight...