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Bank of Baroda becomes first bank in India to raise Green Infrastructure Bonds in the domestic market.
The Bank has successfully raised ₹10,000 crore through Series I Long-Term Green Infrastructure Bonds with a 7-year tenure at a coupon rate of 7.10% p.a.
The issue received bids worth ₹16,415 crore, more than 3x the base issue size of ₹5,000 crore, reflecting strong investor confidence and a clear “greenium” for the Bank’s commitment to sustainable finance.
Dr. Debadatta Chand, Managing Director & CEO of Bank of Baroda, stated that the strong demand and attractive pricing demonstrate investors’ confidence in the Bank and its commitment to green and sustainable growth as part of its ESG journey.
The proceeds will fund eligible green projects under the Bank’s Green Financing Framework, including renewable energy and sustainable infrastructure.
The bonds are rated ‘AAA’ with a stable outlook by CARE Ratings and ICRA.
@FinMinIndia @DFS_India
#BankofBaroda #GreenFinance #SustainableGrowth #ESG #GreenInfrastructure #ResponsibleBanking

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