State-owned Bank of Baroda said it has raised Rs 981 crore by issuing additional tier-1 bonds under Basel III norms. The bank had on July 24 issued and allotted the “unsecured rated listed subordinated non-convertible fully paid up Basel III additional tier-1 perpetual bonds” for an issue size of Rs 981 crore, it said in a regulatory filing. As many as 18 allottees were issued the bonds, carrying coupon of 8.50 per cent, on private placement basis.