New Delhi: Bank of Baroda has raised a USD 500 million five-year syndicated term loan facility through its IFSC Banking Unit in GIFT City, attracting participation from investors across key Asian financial markets. The transaction marks the bank’s return to the global syndicated loan market after a one-year gap and highlights strong international investor confidence.
Strong Participation from Asian Investors
The syndicated loan facility saw participation from 13 investors across major Asian markets, including Taiwan, South Korea, Japan, and Singapore. According to the bank, the deal received strong interest despite a dynamic global interest rate environment, indicating solid investor appetite for the bank’s credit.
The funds raised through the facility will be used for general banking and corporate purposes, supporting the bank’s operational and strategic needs.
MUFG Bank and HSBC Lead the Transaction
The transaction was arranged by leading global financial institutions, with MUFG Bank and HSBC acting as Mandated Lead Arrangers, Underwriters, and Bookrunners. Their involvement helped structure and execute the syndicated loan with participation from multiple international lenders.
CEO Highlights Global Investor Confidence
Commenting on the successful transaction, Debadatta Chand, Managing Director and CEO of Bank of Baroda, said the strong investor participation demonstrates global confidence in the bank’s financial strength and long-term strategy.
He noted that the deal reflects growing international interest in the bank and supports its ongoing efforts to diversify funding sources, strengthen global investor engagement, and reinforce its position as India’s international bank.
Strong International Credit Ratings
Bank of Baroda continues to maintain strong international credit ratings from global agencies. The bank holds:
- ‘BBB’ long-term and ‘A-2’ short-term issuer credit ratings with a Stable Outlook from S&P Global Ratings
- ‘BBB-’ rating with a Stable Outlook from Fitch Ratings, which recently upgraded the bank’s Viability Rating to ‘bb’ from ‘bb-’
- ‘Baa3’ rating with a Stable Outlook from Moody’s Investors Service
These ratings reflect the bank’s strong financial profile and stable outlook in the global credit market.
About Bank of Baroda
Bank of Baroda is one of India’s leading public sector banks with a significant international presence. The bank operates 80 overseas branches and offices across 15 countries, including major financial centres such as New York, London, Dubai, and Singapore. As of December 31, 2025, the bank’s total international business stood at ₹4,879.08 billion, accounting for 16.08% of its global business, reflecting its expanding global footprint and international banking operations.
