Bank of Baroda raises Rs 10,000 crore via green infrastructure bonds

Core Insights - State-owned Bank of Baroda (BoB) has successfully raised ₹10,000 crore through the issuance of long-term green infrastructure bonds, marking it as the first bank in India to issue such an instrument domestically [6] - The bond issue received overwhelming investor demand, with bids totaling ₹16,415 crore, which is over three times the base issue size of ₹5,000 crore [6] - The seven-year bond was placed on the Electronic Debt Bidding platform of NSE, achieving a competitive cut-off coupon of 7.10%, indicating strong investor confidence despite market volatility [6] - The bank has realized a "Greenium" from the market due to its commitment to sustainable and green finance, as well as its strong ESG roadmap [6] - Proceeds from the green infrastructure bonds will be allocated towards eligible green projects, supporting long-term funding in critical sectors such as renewable energy and environmentally sustainable infrastructure [6]