Bank of Baroda has released its comprehensive statement of outstanding bonds as of March 31, 2026. The portfolio comprises 16 distinct debt instruments, reflecting a diverse range of issuance dates, interest rates, and maturity profiles. These bonds represent the bank’s ongoing commitment to transparent financial reporting and capital management. The listed securities include both perpetual bonds and term instruments, with coupon rates ranging from 7.10% to 8.76% per annum.
Debt Portfolio Overview
The latest disclosure highlights a total of 16 bond series managed by the bank, which serve as critical components of its long-term capital structure. These instruments, primarily featuring yearly payment frequencies, were issued between September 2016 and March 2026. The majority of the debt is held by Axis Trustee Services Limited and IDBI TrusteeShip Services Ltd, ensuring robust third-party oversight for bondholders.
Key Financial Characteristics
The bond portfolio demonstrates significant scale and variety in terms of financial terms:
- Coupon Rates: The interest rates on these bonds vary, with a high of 8.76% p.a. (issued by eDena Bank) and a low of 7.10% p.a.
- Maturity Profiles: The portfolio includes various long-term instruments maturing through the year 2039, as well as several perpetual bonds which provide ongoing capital support.
- Embedded Options: Many of the issued bonds incorporate a Call Option, providing the bank with flexibility in managing its liabilities based on evolving market conditions.
Strategic Composition
Most of the outstanding debt consists of instruments issued directly by Bank of Baroda, with one legacy instrument from eDena Bank (ISIN: INE077A08098) still active, carrying a coupon of 8.76% p.a. maturing in September 2026. The newer issuances, such as those from 2024 and 2025, indicate the bank’s active participation in the debt markets to support its growth trajectory and satisfy capital requirements as of the conclusion of the fiscal year ending March 31, 2026.
Source: BSE
