Bank of Baroda Raises Rs. 5,000 Crore in Infrastructure Bonds

Bank of Baroda (Bank), one of India’s leading public sector banks, today announced that it has raised Rs. 5,000 crore through the issuance of Long-Term 10-year Infrastructure Bonds. The Bank received a strong response from investors, with cumulative demand of Rs. 14,830 crore from 110 bids, against the total issue size of Rs. 5,000 crore (Base issue of Rs. 2,000 crore and Greenshoe option to retain oversubscription up to Rs. 3,000 crore). This translates to 7.4 times the base issue size and ~3 times the total issue size. The Bank retained full issue size of Rs. 5,000 crore at a competitive rate of 7.23%.

These bonds are senior, unsecured, listed, rated, taxable, having a fixed maturity of 10 years from the date of allotment.

The allotment of the bonds took place on 16th January 2025.

The bonds are rated ‘AAA’ with a Stable outlook by CRISIL Ratings & India Ratings.