Bank of Baroda to Raise Up to Rs 10,000 Crore via Green Infrastructure Bonds

Bank of Baroda, a state-owned lender, plans to raise up to Rs 10,000 crore through green infrastructure bonds on March 4. The base issue size is Rs 5,000 crore, with an option to retain oversubscription of an additional Rs 5,000 crore. These seven-year bonds, rated 'AAA' with a stable outlook by CARE Ratings and ICRA, will mature on March 5, 2033, and offer annual interest payments. Bidding will occur on the National Stock Exchange's Electronic Book Provider platform, with a minimum application size of Rs 1 lakh.