Debasis Mohapatra
Bengaluru, 6 March 2026
Public sector lender, Bank of Baroda has raised Rs 10,000 crore through the issuance of long-term green infrastructure bonds in the domestic market, the bank has said in an exchange filing. This is the first instance when a domestic bank has raised money through such bonds in India.
These Series I long-term green infrastructure bonds have a tenure of seven years. The issue had a base size of Rs 5,000 crore with a greenshoe option of another Rs 5,000 crore, which had been fully subscribed.
The issue garnered overwhelming investor demand, receiving bids aggregating Rs 16,415 crore, over three times the base issue size of Rs 5,000 crore.
“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 Rs 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,” Dr Debadatta Chand, Managing Director & CEO, Bank of Baroda said.
Bank of Baroda was trading 1.28% down at Rs 298 per share in the morning trade (10.30 AM IST) in NSE.
