Bank Of Baroda

Bank Of Baroda is an Indian company in the BFSI industry with 27 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 7.1% to 9.14% a year. Maturity dates run from 26 Nov 2026 to 31 Mar 2999. NSDL records 0 of the 27 whose terms it holds as secured. Latest credit ratings on record: CARE AAA (Stable) (action dated 7 Oct 2026); India Ratings AAA (Stable) (action dated 28 Feb 2026); ICRA AA+ (Stable) (action dated 25 Feb 2026); CRISIL AAA (Stable) (action dated 3 Jan 2025). Verify current terms against the official documents linked on this page.

Data as of 14 Nov 2026 (snapshot 20261114-2051) · How this page is compiled

Issuer overview

Legal name
Bank of Baroda
LEI
549300CQ6M9Q0TJEZR23
Industry
BFSI
Business
Public Sector Bank
Ownership
Public Sector Undertaking (PSU)
ISIN issuer code
INE028A
Outstanding bonds (ISINs)
27
Stated coupons (fixed rate)
7.1% – 9.14%
Maturity dates
26 Nov 2026 – 31 Mar 2999
Secured (NSDL)
0 of 27
Combined issue size of outstanding bonds
₹62,592 crore
Traded on
NSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Bank Of Baroda bonds: ISIN, coupon and maturity

27 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE028A08265 Perpetual debt 7.95% Yearly 26 Nov 2021 26 Nov 2026 ₹1,00,00,000 1,997 Unsecured None recorded — CRISIL AA+ 17 Nov 2021
INE028A08273 Perpetual debt 8% Yearly 31 Jan 2022 31 Jan 2027 ₹1,00,00,000 752 Unsecured None recorded — CRISIL AA+ 14 Jan 2022
INE028A08299 Perpetual debt 7.88% Yearly 2 Sep 2022 2 Sep 2027 ₹1,00,00,000 2,474 Unsecured None recorded — India Ratings AA+ 27 Feb 2026
INE028A08125 Subordinated NCD (Tier II) 8.42% Yearly 7 Dec 2018 7 Dec 2028 ₹10,00,000 972 Unsecured None recorded — India Ratings AAA 3 Nov 2023
INE028A08133 Subordinated NCD (Tier II) 8.4% Yearly 20 Dec 2018 20 Dec 2028 ₹10,00,000 240 Unsecured None recorded — India Ratings AAA 13 Dec 2023
INE028A08141 Subordinated NCD (Tier II) 8.6% Yearly 10 Jan 2019 10 Jan 2029 ₹10,00,000 285 Unsecured None recorded — India Ratings AAA 13 Dec 2023
INE028A08158 Subordinated NCD (Tier II) 8.55% Yearly 14 Feb 2019 14 Feb 2029 ₹10,00,000 460 Unsecured None recorded — India Ratings AAA 13 Dec 2023
INE028A08281 Bond (NCD) 7.39% Yearly 17 Aug 2022 17 Aug 2029 ₹10,00,000 1,000 Unsecured None recorded — India Ratings AAA 27 Feb 2026
INE028A08190 Subordinated NCD (Tier II) 7.44% Yearly 3 Jan 2020 3 Jan 2030 ₹10,00,000 920 Unsecured None recorded — Unrated
INE028A08380 Bond (NCD) 7.1% Yearly 5 Mar 2026 5 Mar 2033 ₹1,00,000 10,000 Unsecured None recorded NSE ICRA AAA 25 Feb 2026
INE028A08307 Bond (NCD) 7.68% Yearly 1 Dec 2023 1 Dec 2033 ₹1,00,000 5,000 Unsecured None recorded — CRISIL AAA 20 Nov 2023
INE028A08315 Subordinated NCD (Tier II) 7.75% Yearly 21 Dec 2023 21 Dec 2033 ₹1,00,00,000 2,500 Unsecured None recorded — CRISIL AAA 13 Dec 2023
INE028A08323 Bond (NCD) 7.57% Yearly 25 Jan 2024 25 Jan 2034 ₹1,00,000 5,000 Unsecured None recorded NSE CRISIL AAA 16 Jan 2024
INE028A08331 Subordinated NCD (Tier II) 7.57% Yearly 22 Feb 2024 22 Feb 2034 ₹1,00,00,000 2,500 Unsecured None recorded — CRISIL AAA 13 Dec 2023
INE028A08349 Bond (NCD) 7.3% Yearly 27 Aug 2024 27 Aug 2034 ₹1,00,000 5,000 Unsecured None recorded NSE CRISIL AAA 14 Aug 2024
INE028A08356 Bond (NCD) 7.26% Yearly 9 Sep 2024 9 Sep 2034 ₹1,00,000 5,000 Unsecured None recorded NSE CRISIL AAA 14 Aug 2024
INE028A08166 Subordinated NCD (Tier II) 7.75% Yearly 11 Sep 2019 11 Sep 2034 ₹10,00,000 500 Unsecured None recorded — India Ratings AAA 28 Feb 2026
INE028A08208 Subordinated NCD (Tier II) 7.84% Yearly 15 Jan 2020 15 Jan 2035 ₹10,00,000 2,000 Unsecured None recorded — India Ratings AAA 27 Feb 2026
INE028A08372 Bond (NCD) 7.23% Yearly 16 Jan 2025 16 Jan 2035 ₹1,00,000 5,000 Unsecured None recorded NSE CRISIL AAA 3 Jan 2025
INE028A08364 Subordinated NCD (Tier II) 7.41% Yearly 28 Nov 2024 28 Nov 2039 ₹1,00,00,000 3,500 Unsecured None recorded — CRISIL AAA 8 Nov 2024
INE028A08091 Perpetual debt 9.14% Yearly 22 Mar 2017 30 Dec 2099 ₹10,00,000 1,000 Unsecured None recorded — India Ratings AA+ 6 Sep 2019
INE028A08216 Perpetual debt 8.25% Yearly 17 Jul 2020 31 Dec 2099 ₹10,00,000 764 Unsecured None recorded — CRISIL AA+ 30 Jul 2021
INE028A08182 Perpetual debt 8.99% Yearly 18 Dec 2019 31 Dec 2099 ₹10,00,000 1,747 Unsecured None recorded — CRISIL AA+ 30 Jul 2021
INE028A08174 Perpetual debt 8.7% Yearly 28 Nov 2019 31 Dec 2099 ₹10,00,000 1,650 Unsecured None recorded — CRISIL AA+ 30 Jul 2021
INE028A08117 Perpetual debt 8.65% Yearly 11 Aug 2017 31 Dec 2099 ₹10,00,000 850 Unsecured None recorded — CRISIL AA+ 30 Jul 2021
INE028A08109 Perpetual debt 8.6% Yearly 1 Aug 2017 31 Dec 2099 ₹10,00,000 500 Unsecured None recorded — CRISIL AA+ 30 Jul 2021
INE028A08224 Perpetual debt 8.5% Yearly 28 Jul 2020 31 Mar 2999 ₹10,00,000 981 Unsecured None recorded — CRISIL AA+ 30 Jul 2021
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

Bank Of Baroda credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
CARE AAA Stable Reaffirm 7 Oct 2026 9 Checked 7 Nov 2026
India Ratings AAA Stable Reaffirm 28 Feb 2026 24 Verified by NSDL · Checked 7 Nov 2026
ICRA AA+ Stable Reaffirm 25 Feb 2026 5 Verified by NSDL · Checked 7 Nov 2026
CRISIL AAA Stable New 3 Jan 2025 16 Verified by NSDL · Over 12 months old · Checked 7 Nov 2026
Rating history
Date Agency Rating Outlook Action
7 Oct 2026 CARE AAA Stable Reaffirm
28 Feb 2026 India Ratings AAA Stable Reaffirm
27 Feb 2026 India Ratings AA+ Stable Reaffirm
27 Feb 2026 India Ratings AAA Stable Reaffirm
27 Feb 2026 CARE AAA Stable Reaffirm
25 Feb 2026 ICRA AA+ Stable Reaffirm
25 Feb 2026 ICRA AAA Stable Reaffirm
25 Feb 2026 CARE AAA Stable New
25 Sep 2025 CARE AAA Stable Reaffirm
29 Aug 2025 CARE WITHDRAWN No Outlook Withdrawn
29 Aug 2025 CARE AAA Stable Reaffirm
8 Aug 2025 ICRA AA+ Stable Reaffirm
8 Aug 2025 ICRA AAA Stable Reaffirm
17 Jun 2025 India Ratings AA+ Stable Reaffirm
17 Jun 2025 India Ratings AAA Stable Reaffirm

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: CRISIL, ICRA, CARE, India Ratings

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
5 Mar 2026 INE028A08380 5 Mar 2033 Placement memorandum on BSE
16 Jan 2025 INE028A08372 16 Jan 2035 Placement memorandum on BSE
28 Nov 2024 INE028A08364 28 Nov 2039 Placement memorandum on BSE
9 Sep 2024 INE028A08356 9 Sep 2034 Placement memorandum on BSE
27 Aug 2024 INE028A08349 27 Aug 2034 Placement memorandum on BSE
22 Feb 2024 INE028A08331 22 Feb 2034 Placement memorandum on BSE
25 Jan 2024 INE028A08323 25 Jan 2034 Placement memorandum on BSE
21 Dec 2023 INE028A08315 21 Dec 2033 Placement memorandum on BSE
1 Dec 2023 INE028A08307 1 Dec 2033 Placement memorandum on BSE
2 Sep 2022 INE028A08299 2 Sep 2027 Placement memorandum on BSE
17 Aug 2022 INE028A08281 17 Aug 2029 Placement memorandum on BSE
31 Jan 2022 INE028A08273 31 Jan 2027 Placement memorandum on BSE
26 Nov 2021 INE028A08265 26 Nov 2026 Placement memorandum on BSE
28 Jul 2020 INE028A08224 31 Mar 2999 Placement memorandum on BSE
17 Jul 2020 INE028A08216 31 Dec 2099 Placement memorandum on BSE
15 Jan 2020 INE028A08208 15 Jan 2035 Placement memorandum on BSE
3 Jan 2020 INE028A08190 3 Jan 2030 Placement memorandum on BSE
18 Dec 2019 INE028A08182 31 Dec 2099 Placement memorandum on BSE
28 Nov 2019 INE028A08174 31 Dec 2099 Placement memorandum on BSE
11 Sep 2019 INE028A08166 11 Sep 2034 Placement memorandum on BSE
14 Feb 2019 INE028A08158 14 Feb 2029 Placement memorandum on BSE
10 Jan 2019 INE028A08141 10 Jan 2029 Placement memorandum on BSE
20 Dec 2018 INE028A08133 20 Dec 2028 Placement memorandum on BSE
7 Dec 2018 INE028A08125 7 Dec 2028 Placement memorandum on BSE
11 Aug 2017 INE028A08117 31 Dec 2099 Placement memorandum on BSE
1 Aug 2017 INE028A08109 31 Dec 2099 Placement memorandum on BSE
22 Mar 2017 INE028A08091 30 Dec 2099 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Company details

Category
Bank

Bank Of Baroda bonds: questions and answers

What bonds has Bank Of Baroda issued?

Bank Of Baroda has 27 outstanding bonds recorded on this page. By type, as described by NSDL: 10 perpetual debt, 10 subordinated NCD (tier ii), 7 bond (ncd).

What are the ISINs of Bank Of Baroda bonds?

Its 27 outstanding bonds each have their own ISIN, for example INE028A08265, INE028A08273, INE028A08299. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE028A.

What coupon rates do Bank Of Baroda bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 7.1% to 9.14% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Bank Of Baroda bonds mature?

Its outstanding bonds have maturity dates from 26 Nov 2026 to 31 Mar 2999. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Bank Of Baroda bonds?

NSDL India Bond Info records CARE AAA (Stable) (action dated 7 Oct 2026); India Ratings AAA (Stable) (action dated 28 Feb 2026); ICRA AA+ (Stable) (action dated 25 Feb 2026); CRISIL AAA (Stable) (action dated 3 Jan 2025) on its outstanding bonds. Checked on NSDL on 7 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Bank Of Baroda bonds secured, unsecured or guaranteed?

NSDL records 0 of the 27 outstanding bonds whose terms it holds as secured and 27 as unsecured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Where can investors find the original disclosure documents for Bank Of Baroda bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Bank Of Baroda bonds?

This page does not show prices or yields. Trades in these bonds are reported on NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Sources and dates

Data as of 14 Nov 2026 (snapshot 20261114-2051). Facts on this page last changed on 29 Oct 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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