Bank of Baroda Raises ₹100 Billion via Green Infrastructure Bonds

State-owned lender Bank of Baroda Ltd has announced the successful issuance and allotment of green infrastructure bonds worth ₹10,000 crore (100 billion rupees). The issuance took place on March 4, 2026, through the National Stock Exchange’s Electronic Bidding Platform (EBP).

The bonds have a base issue size of ₹5,000 crore, with a green shoe option to retain oversubscription up to an additional ₹5,000 crore, taking the total to ₹10,000 crore. These bonds carry a seven-year tenor, maturing on March 5, 2033, and are backed by AAA/Stable ratings from CARE Ratings and ICRA.

This move aligns with Bank of Baroda’s strategy to strengthen its capital base while supporting environmentally sustainable infrastructure projects. The issuance reflects growing investor appetite for ESG-linked instruments and highlights the bank’s role in advancing India’s green financing ecosystem.

Key Highlights

• Issuer: Bank of Baroda Ltd
• Instrument: Green Infrastructure Bonds
• Issue Size: ₹10,000 crore (₹100 billion)
• Base Size: ₹5,000 crore + ₹5,000 crore green shoe option
• Tenor: 7 years (Maturity: March 5, 2033)
• Ratings: AAA/Stable (CARE Ratings, ICRA)
• Platform: NSE Electronic Bidding Platform (EBP)
• Objective: Fund sustainable infrastructure projects, strengthen ESG financing

Sources: ET BFSI, The Hindu BusinessLine, Free Press Journal