BoB Makes History: Raises Rs 10,000 Cr via Green Bonds, First in India

• Bank of Baroda (BoB) raised Rs 10,000 crore through long-term green infrastructure bonds.
• BoB becomes the first bank in India to issue such an instrument domestically.
• The issue garnered overwhelming investor demand, receiving bids totaling Rs 16,415 crore, over three times the base size.
• Secured a competitive cut-off coupon of 7.10 percent despite current market volatility.
• Proceeds will fund eligible green projects like renewable energy and environmentally sustainable infrastructure.