MUMBAI, February 27 State-owned lender Bank of Baroda plans to raise up to ₹10,000 crore through the issuance of green infrastructure bonds on March 4.
The base issue size is ₹5,000 crore, with a green shoe option to retain oversubscription of up to ₹5,000 crore, taking the total issue size to ₹10,000 crore, market sources said.
The bonds will have a maturity period of seven years and are scheduled to mature on March 5, 2033. The payment and allotment date is March 5, 2026. Payment refers to the date when the exchange of bonds and money takes place between the issuer and the investor.
Bidding for the bond issue will take place between 11:00 am and 12:00 pm on March 4 on the Electronic Book Provider (EBP) platform of the National Stock Exchange of India.
The bonds have been rated 'AAA' with 'Stable' by CARE Ratings and ICRA.
The bonds will carry annual interest payments and will be allocated on a uniform yield basis through a closed bidding process. The minimum application size is ₹1 lakh, with multiples of ₹1 lakh thereafter.
