Bank of Baroda Becomes First Bank in India to Raise Green Infrastructure Bond in Domestic Market
Ahmedabad, 8th March 2026: Bank of Baroda (Bank), India’s International Bank, today announced that it has successfully raised ₹10,000 crore through the issuance of Series I Long-Term Green Infrastructure Bonds, becoming the first bank in India to issue domestic Green Bonds. The issue garnered overwhelming investor demand, receiving bids aggregating ₹16,415 crore, over three times the base issue size of ₹5,000 crore. The seven-year Bond was placed on EBP of NSE with Base issue of Rs. 5000 Cr and a Green shoe option of Rs. 5000 Cr. Despite current market volatility, the Bank secured a competitive cut-off coupon of 7.10%, reflecting strong investor confidence in the Bank.
Given the tight pricing achieved, the Bank has effectively realised a “Greenium” from the market, due to its commitment to sustainable and green finance, as well as the strong positioning of its ESG roadmap.
The proceeds from the Green Infrastructure Bonds will be deployed towards eligible green projects in line with the Bank’s Green Financing Framework and applicable regulatory guidelines, enabling long-term funding of critical sectors such as renewable energy and other environmentally sustainable infrastructure projects.
The bonds are rated ‘AAA’ with a Stable outlook by Care Ratings and ICRA.
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
