Loan & Debt13 Aug 2026, 08:02 pm
Bank of Baroda Raises $700 Mn via Senior Unsecured Bonds
AI Summary
Bank of Baroda has successfully concluded the issuance of Senior Unsecured Fixed Rate Reg S Bonds, raising a total of USD 700 million. The issuance comprises USD 400 million with a 3-year maturity at a coupon of 5.114% per annum and USD 300 million with a 5-year maturity at a coupon of 5.318% per annum, payable semi-annually. These bonds will be issued through its IFSCBU branch on August 20th, 2026, and will be listed on the Singapore Stock Exchange, India INX, and NSE-IX Exchange Gift City. This move is part of the bank's ongoing funding strategy under its Medium Term Note (MTN) programme.
Key Highlights
- Bank of Baroda raised $700 million through senior unsecured fixed-rate bonds.
- Bonds issued have 3-year and 5-year maturities with fixed coupons.
- Issuance is under the bank's Medium Term Note (MTN) programme.
- Bonds will be listed on Singapore Stock Exchange, India INX, and NSE-IX.
- This is a debt raising activity to support funding needs.
Price Impact
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