3 months ago
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Bank of Baroda has raised ₹10,000 crore done the issuance of Series I Long-Term Green Infrastructure Bonds.
“The contented witnessed beardown capitalist interest, receiving bids of ₹16,415 crore—over 3 times the basal contented size of ₹5,000 crore with a Green footwear enactment of ₹5,000 crore, and was priced astatine 7.10% coupon, reflecting a “greenium” for the Bank’s ESG-led financing approach.
With this BoB has become first slope successful India to contented a home Green Infrastructure Bond. This is important milestone for some the bank’s ESG travel and India’s home greenish enslaved market.
Debadatta Chand, Managing Director & CEO, Bank of Baroda said, “The Green Infrastructure Bond contented marks a important milestone for Bank of Baroda and a defining moment for India’s home ESG enslaved market.
“Raising ₹10,000 crore with specified beardown request and charismatic pricing demonstrates the heavy assurance investors person successful the Bank and successful our committedness to greenish and sustainable maturation arsenic portion of our broader ESG journey. These funds volition enactment India’s infrastructure needs, enabling a modulation towards a cleaner, greener and much sustainable future,” helium said.
