Mumbai: Bank of Baroda has successfully raised a USD 500 million five-year syndicated term loan through its IFSC Banking Unit in GIFT City, marking a significant return to the global syndicated loan market after a gap of one year.
The syndicated term loan transaction attracted participation from 13 investors across key Asian markets, including Taiwan, South Korea, Japan, and Singapore, reflecting strong investor appetite despite a dynamic global interest rate environment.
The syndicated term loan facility underscores Bank of Baroda’s strategy to expand its global investor base.
Increased participation from Asian investors helps diversify the bank’s funding sources while complementing its traditional domestic investor base, which continues to remain active in the bank’s local currency issuances.
This syndicated term loan also represents the bank’s re-entry into the international syndicated loan market after a year-long gap.
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Syndicated Term Loan For General Banking and Corporate Purposes
Proceeds from the syndicated term loan will be used for general banking and corporate purposes. MUFG Bank and HSBC acted as Mandated Lead Arrangers, Underwriters, and Bookrunners for the syndicated term loan transaction.
Debadatta Chand, Managing Director & CEO of 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.”
The successful completion of the syndicated term loan comes as Bank of Baroda continues to maintain strong international credit ratings.
The bank was recently assigned a ‘BBB’ long-term and ‘A-2’ short-term issuer credit rating with a Stable Outlook by S&P Global Ratings, in line with the sovereign rating of the Government of India.
Additionally, Fitch Ratings has rated the bank ‘BBB-’ with a Stable Outlook and recently upgraded its Viability Rating to ‘bb’ from ‘bb-’. Meanwhile, Moody’s Investors Service has assigned the bank a ‘Baa3’ rating with a Stable Outlook.
Bank of Baroda, one of India’s leading public sector banks, has a strong global presence spanning 80 overseas branches and offices across 15 countries, including major international 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. International deposits stood at ₹2,395.60 billion, while international advances reached ₹2,483.48 billion.
