Bank of Baroda raised $700 million through three-year and five-year dollar bonds, marking its first overseas issue in over seven years. Strong investor demand helped tighten pricing, with proceeds aimed at leveraging RBIs special swap window.

SBI raises $500 million through a five-year overseas bond at 5.25%, with strong demand helping tighten the spread to 88 bps over US Treasuries.

Bank of Baroda is actively seeking dollar funding avenues to bolster its operations, inspired by the successful foreign-currency bond issuance led by State Bank of India. The bank…