Bank of Baroda Concludes $400 Million Bond Issuance

MUMBAI — Bank of Baroda announced the successful conclusion of its international fundraising initiative, issuing $400 million in senior unsecured fixed-rate notes.

The dollar-denominated issuance is part of a larger dual-tranche fundraising package executed through the bank's International Financial Services Centre (IFSC) Banking Unit located in GIFT City, Gujarat. The notes feature a five-year original maturity and an annual coupon of 5.318%, complementing a separate three-year tranche.

Expanding Offshore Borrowings and Dual-Tranche Structure

The international debt issuance forms part of Bank of Baroda's broader strategy to mobilize foreign currency capital from global fixed-income markets. The five-year notes carry a coupon of 5.318% per annum, payable semi-annually, alongside a companion three-year tranche of $400 million carrying a 5.114% coupon, bringing the aggregate fundraising total to $700 million.

According to official stock exchange filings, corporate disclosures, and regulatory updates:

• Total Tranche Size: $400 million for the five-year notes, forming part of a $700 million twin issuance.

• Maturity and Coupon: Original maturity of five years with an original fixed coupon of 5.318% p.a., payable semi-annually.

• Issuance Vehicle: Executed directly via the bank's IFSC Banking Unit (IFSCBU) at GIFT City.

• Listing Venues: The notes are listed on international exchanges including the India International Exchange (India INX), NSE IFSC, and the Singapore Exchange.

Official Sources Section

• BSE India Corporate Disclosures: Official material event notifications, debt listing prospectuses, and regulatory disclosures submitted by Bank of Baroda.

• National Stock Exchange of India (NSE): Exchange compliance archives and international bond trading records.

• India International Exchange (India INX): International exchange listing notices and debt securities trading data.

Quote Section

According to statements released in official stock exchange disclosures regarding the overseas debt placement:

"The successful completion of our senior notes issuance through our GIFT City unit underscores strong global investor confidence in the bank's credit fundamentals and broadens our international funding sources."

Why It Matters

For institutional investors, corporate borrowers, and the domestic banking sector, successful offshore debt placements demonstrate robust international appetite for high-grade Indian paper. Utilizing GIFT City banking units allows domestic lenders to secure cost-effective foreign currency liquidity efficiently.

Key Facts at a Glance

• Issuer: Bank of Baroda.

• Instrument: Senior Unsecured Fixed Rate Notes.

• Amount: $400 million (five-year tranche).

• Coupon Rate: 5.318% p.a. (payable semi-annually).

FAQ Section

What is the maturity and coupon rate for Bank of Baroda's notes?

The notes carry an original maturity of five years with a fixed coupon rate of 5.318% per annum, payable semi-annually.

Through which unit were these bonds issued?

The bonds were issued through Bank of Baroda's specialized IFSC Banking Unit located in GIFT City.

Where are these senior notes listed for trading?

The notes are listed on international platforms including the Singapore Exchange, India INX, and NSE IFSC.

Where can investors review official regulatory filings for this debt issue?

Official listing prospectuses and material event disclosures are published directly on the BSE and NSE corporate filing portals.

Source: BSE India, NSE India, India INX, Reuters