Bank of Baroda on Thursday said it has raised Rs 10,000 crore through the issuance of long-term green infrastructure bonds, becoming the first bank in India to launch such an instrument in the domestic market.
The bond issue saw strong investor interest, attracting bids worth Rs 16,415 crore, more than three times the base issue size of Rs 5,000 crore, the bank said.
The seven-year bond was issued on the electronic debt bidding platform of the National Stock Exchange of India, with a base issue of Rs 5,000 crore and a greenshoe option of Rs 5,000 crore.