Mumbai : Bank
of Baroda, India’s International Bank, through its IFSC Banking Unit in GIFT
City, has successfully closed a USD 500
million five-year syndicated term loan facility. The transaction saw
participation from 13 investors across key Asian markets including Taiwan, South
Korea, Japan and Singapore, reflecting robust demand and strong investor
appetite, despite a dynamic global interest rate environment.
The
facility also advances the Bank’s strategy to broaden its global investor base,
with increased participation from investors in Asia, thereby diversifying its funding
sources and complementing the Bank’s traditional domestic investor base, who
remain active participants in the Bank’s local currency issuances.
This
transaction marks the Bank’s return to the global syndicated loan market after
a gap of one year. The proceeds of the facility will be used for general
banking and corporate purposes. MUFG Bank and HSBC acted as Mandated Lead
Arrangers, Underwriters, and Bookrunners.
Dr. Debadatta Chand, Managing
Director & CEO, Bank of Baroda said, “This
successful transaction reinforces the confidence that global institutions place
in Bank of Baroda’s prudent financial management and long-term strategic
direction. The strong participation from investors across Asia reflects growing
international interest in the Bank and supports our continued focus on
diversifying funding sources, strengthening global investor engagement and
further cementing our standing as India’s international bank."
Bank
of Baroda maintains strong international credit ratings. The Bank was recently
assigned ‘BBB’ long-term and ‘A-2’ short-term issuer credit ratings with a
Stable Outlook by S&P Global Ratings, in line with the sovereign rating of
the Government of India. The Bank is also rated ‘BBB-’ with a Stable Outlook by
Fitch Ratings, which recently upgraded its Viability Rating to ‘bb’ from ‘bb-’.
Moody’s Investors Service has assigned the Bank a ‘Baa3’ rating with a Stable
Outlook.
Bank of
Baroda is one of India’s leading public sector banks, with a global presence spanning
80 overseas branches/offices in 15 countries, including major international
financial centres such as New York, London, Dubai and Singapore. As of 31st
December 2025, the Bank’s total international business stood at INR 4,879.08
billion, accounting for 16.08% of the Bank’s Global Business. International
Deposits stood at INR 2,395.60 billion, while International Advances stood at
INR 2,483.48 billion.