Bank of Baroda raises $700M in dollar bond issuance
What's the deal? Bank of BarodaDealroom has a profile for this one. Try Dealroom → has raised $700 million through senior unsecured fixed-rate notes issued under its medium term note programme. The issuance splits into two tranches: $400 million maturing in three years at a 5.114% annual coupon, and $300 million maturing in five years at 5.318%.
Why now? The notes will be issued through the bank's IFSCBU branch on 20 August 2026. Interest on both tranches will be paid semi-annually, with the issuance conducted under Regulation S.
What's the endgame? The bank said the funds will support its "ongoing operations and strategic initiatives." The notes will list on the Singapore Stock ExchangeDealroom has a profile for this one. Try Dealroom →, India INXDealroom has a profile for this one. Try Dealroom →, and the NSE-IXDealroom has a profile for this one. Try Dealroom → at Gift City — a spread the bank says aims to improve accessibility and liquidity.
The signal: At $700 million, the deal sits in the top 5% of post-IPO debt rounds raised in the region over the past four years, based on a sample of 670 comparable deals. That scale, along with the multi-exchange listing, points to steady appetite for dollar-denominated paper from India's large public-sector banks.
Read more: InvestyWise
Image credit: Gene Hunt
