BoB raises ₹10,000 crore via Green Infra Bonds
The Hindu
Bank of Baroda raises ₹10,000 crore through Green Infra Bonds, marking a milestone in India's ESG bond market.
Bank of Baroda has raised ₹10,000 crore through the issuance of Series I Long-Term Green Infrastructure Bonds.
“The issue witnessed strong investor interest, receiving bids of ₹16,415 crore—over three times the base issue size of ₹5,000 crore with a Green shoe option of ₹5,000 crore, and was priced at 7.10% coupon, reflecting a “greenium” for the Bank’s ESG-led financing approach.
With this BoB has become first bank in India to issue a domestic Green Infrastructure Bond. This is significant milestone for both the bank’s ESG journey and India’s domestic green bond market.
Debadatta Chand, Managing Director & CEO, Bank of Baroda said, “The Green Infrastructure Bond issue marks a significant milestone for Bank of Baroda and a defining moment for India’s domestic ESG bond market.
“Raising ₹10,000 crore with such strong demand and attractive pricing demonstrates the deep confidence investors have in the Bank and in our commitment to green and sustainable growth as part of our broader ESG journey. These funds will support India’s infrastructure needs, enabling a transition towards a cleaner, greener and more sustainable future,” he said.
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