Archive · 26 Jan 2026
Bank of Baroda Plans $500M Bond Sale
Bank of Baroda, a big bank in India, wants to borrow $500 million from investors outside India.
They will sell special bonds called Reg-S bonds, which can't be sold in the US but can be sold in Europe and Asia.
The money from these bonds will be used for different things like running the bank, helping their overseas offices, and paying back other loans.
They are asking other banks to help them sell these bonds.
Other Indian companies are also borrowing money from outside India because it's harder to get money inside India right now.
The Indian rupee has become weaker compared to the US dollar, which makes borrowing from outside a bit more expensive.
Bank of Baroda plans to raise $500 million through a US dollar bond sale as part of its $4 billion medium-term note programme.
The bonds will be issued under Reg-S, targeting non-US investors primarily in Europe and Asia.
Proceeds will be used for general corporate purposes, including funding overseas operations and refinancing existing liabilities.
The bank has invited bids to appoint joint lead managers for the bond issuance, with a deadline set for 16 February.
Indian companies, including banks, are turning to offshore bond markets to diversify funding sources amid tightening domestic liquidity conditions.
- Who
- Bank of Baroda, India's second-largest public sector lender
- What
- Plans to raise $500 million through a US dollar bond sale
- When
- Deadline for bids is 16 February
- Where
- Offshore market, primarily Europe and Asia
- Why
- To diversify funding sources and refinance existing liabilities
- Bank
- Bank of Baroda
- Amount
- $500 million
- Programme Size
- $4 billion
- Purpose
- General corporate purposes, overseas operations, refinancing
- Deadline for Bids
- 16 February
- Bond Type
- Reg-S bond
- Potential Exchanges
- Singapore Exchange, GIFT City
- FY26 ECB (H1)
- $18.49 billion