Bank of Baroda has raised Rs 100 billion through green infrastructure bonds to support long-term financing for renewable energy and sustainable infrastructure projects. The Series I Long-Term Green Infrastructure Bonds received bids worth Rs 164.15 billion. The bids were more than three times the base issue size of Rs 50 billion. The bank had also provided a greenshoe option of an additional Rs 50 billion.
The bonds have a seven-year tenure and were issued through the National Stock Exchange’s Electronic Book Platform. They carry an annual interest rate of 7.1 per cent. Furthermore, the bank will utilise the proceeds from the green infrastructure bonds to deploy to eligible green projects that align with its Green Financing Framework and applicable regulatory guidelines.
Earlier in September 2025, Tata Power Renewable Energy Limited inked a MoU with Bank of Baroda to provide financing solutions for micro, small, and medium enterprises and commercial and industrial customers opting for solar energy.
