Bank of Baroda launches India’s first domestic green infrastructure bond
Bank of Baroda has raised Rs 10,000 crore through the issuance of green infrastructure bonds in the domestic market, becoming the first Indian bank to undertake such an issuance. The bonds are aimed at financing renewable energy and other eligible sustainable infrastructure projects. The bank issued Series I Long-Term Green Infrastructure Bonds with a tenure of seven years and a coupon rate of 7.10% per annum. The proceeds will be deployed in projects that meet…
