Bank of Baroda Raises ₹10,000 Crore Through Series-I Green Infrastructure Bonds

Bank of Baroda has announced the successful allotment of its Series I Long Term Green Infrastructure Bonds, raising a total of ₹10,000 crore. The capital was mobilized through the issuance of 10,00,000 unsecured, redeemable, non-convertible bonds. Each bond carries a face value of ₹1 lakh, reflecting strong investor interest in sustainable investment opportunities and green financing initiatives.

The bonds offer a coupon rate of 7.10 percent and have been categorized as Green Infrastructure Bonds. This classification highlights the bank’s focus on supporting environmentally responsible projects and sustainable infrastructure development in the country. The funds raised are expected to support projects related to renewable energy, green infrastructure, and other environmentally beneficial sectors.

The entire issuance process was conducted through the National Stock Exchange of India Electronic Bidding Platform (EBP). The bond issue opened and closed on March 4, 2026, indicating an efficient execution process and strong demand from institutional investors. After the completion of the bidding process, the formal allotment of the bonds was confirmed on March 5, 2026.

According to the bank’s regulatory filing, a total of 15 allottees participated in the bond issue. These senior bonds are fully paid-up and are identified by the ISIN INE028A08380. The issuance reflects the growing interest among investors in financial instruments linked to sustainability and climate-focused projects.

The bank also informed both the BSE Limited and the National Stock Exchange of India about the successful allotment as part of regulatory disclosure requirements. The communication was issued by S. Balakumar, Company Secretary of the bank, in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The official correspondence was released from the bank’s Baroda Corporate Centre in Mumbai. With this bond issuance, Bank of Baroda continues to strengthen its financial position while expanding its role in financing green and sustainable infrastructure projects across India.