Bank of Baroda Raises $400 Million Through Dollar Bonds

Bank of Baroda has raised $400 million through 5-year dollar bonds, with the notes priced at an all-in yield of 5.39%. Key Highlights • Fundraise: $400 million through 5-year dollar notes • Tenure: 5 years • All-in yield: 5.39% Why It Matters The dollar bond issue provides Bank of Baroda with access to overseas funding, adding another source of foreign-currency funding for the bank. The 5-year maturity provides the bank with funding over a medium-term period, while the 5.39% all-in yield represents the pricing at which the dollar notes are being raised. The transaction highlights Bank of Baroda’s continued access to international debt markets for raising foreign-currency funds.