Bank of Baroda raises $400 million through 5-year senior unsecured notes
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The bonds will be issued via the bank’s IFSC Banking Unit in Gift City and listed on three exchanges.
| Photo Credit:
ANUSHREE FADNAVIS
Bank of Baroda announced on Friday that it has completed the sale of an extra US$400 million of senior unsecured Reg‑S fixed‑rate notes, maturing in five years and carrying a 5.318 % coupon paid twice a year.
Key Takeaways
- Bank of Baroda raised an additional $400 million via 5-year senior unsecured Reg-S notes carrying a 5.318% coupon.
- The notes will be issued through the bank’s IFSC Banking Unit in GIFT City, effective August 27, 2026.
- They will be listed on the Singapore Stock Exchange, India INX GIFT City and NSE-IX Exchange.
- This follows an earlier $300 million issuance of similar notes maturing in 2031, both under the bank’s $4 billion medium-term note programme.
The notes will be issued via the Bank’s IFSC Banking Unit in Gift City, Gandhinagar, effective 27 August 2026, and will be listed on the Singapore Stock Exchange, India INX Gift City and the NSE‑IX Exchange in Gift City, according to a regulatory filing from the public‑sector lender.
This follows a prior issuance of US$300 million of 5.318 % senior unsecured notes maturing in 2031.
These offerings are included in the Bank’s US$4 billion medium‑term note programme.
Published on August 21, 2026
