In a first, BoB raises Rs 10,000 crore from green infra bonds

Core Insights - Bank of Baroda raised Rs 10,000 crore through Series I long-term green infrastructure bonds, marking the first issuance of domestic green bonds by a bank in India [3] - The seven-year bond was placed on the Electronic Book Provider platform of the National Stock Exchange of India, with a base issue of Rs 5,000 crore and a greenshoe option of Rs 5,000 crore, receiving bids worth Rs 16,415 crore [2][3] - The bank set a 7.1% annual cut-off coupon despite market volatility, indicating strong investor interest [2][3] - The tight pricing resulted in a "Greenium," reflecting investor appetite for sustainable finance and the bank's ESG track record [2][3] - Proceeds from the bond issuance will fund eligible green projects under the bank's green financing framework, supporting India's infrastructure needs and promoting a transition to a cleaner, greener future [2][3]