New Delhi: State-owned Bank of Baroda on Friday said its board has approved a proposal to raise up to ₹15,000 crore via long-term bonds to fund infrastructure, affordable housing and green infrastructure projects. The fundraising will comprise a fresh issuance of up to ₹10,000 crore, in addition to ₹5,000 crore remaining from a previous approval, taking the total potential issue size to ₹15,000 crore.
In a regulatory filing, the bank said the bonds may be issued in single or multiple tranches during FY 2025-26 and beyond, subject to feasibility and market conditions. The decision was taken at the board meeting held on January 30, which ran from 10.30 am to 4.30 pm.
The move underscores lenders’ growing reliance on bond markets to fund long-gestation assets, especially in infrastructure and climate-linked projects, while managing balance-sheet maturity profiles. For Bank of Baroda, the programme provides flexibility to tap investors as and when conditions are favourable, the filing indicated.
The disclosure was made under Regulation 30 of SEBI’s listing norms, the bank said, and has been shared with both BSE and NSE.