DropCap
Each paragraph in a Word Document offers only one Drop Cap feature which can be enabled. Since DropCap object exposed by Paragraph object hence in this example we will iterate each paragraph in the document and enable Drop Cap for the paragraph whose text set to BOLD using VBA (Visual Basic for Application) code.
Source document

Code example
Public Sub DropCaseExample() 'Bind active document reference Dim oDocument As Document Set oDocument = ActiveDocument 'Declare paragraph object Dim oParagraph As Paragraph 'Iterate each paragraph For Each oParagraph In oDocument.Paragraphs If oParagraph.Range.Font.Bold = True Then 'Enable drop cap oParagraph.DropCap.Enable 'Set distnace text property oParagraph.DropCap.DistanceFromText = 2.1 End If Next oParagraph 'Memory cleanup Set oParagraph = Nothing Set oDocument = Nothing End Sub
Output

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