Bank of Baroda Raises USD 500 Million Five-Year Syndicated Loan

Ahmedabad, March 13: 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.

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.