Bank of Baroda Raises USD 500 Million Five-Year Syndicated Loan to Diversify Global Funding Base
Attracts Strong Participation from Asian Investors
Bank of Baroda has successfully raised a USD 500 million five-year syndicated term loan facility through its IFSC Banking Unit at GIFT City, marking its return to the global syndicated loan market after a gap of one year.
The transaction witnessed participation from 13 investors across key Asian markets, including Taiwan, South Korea, Japan, and Singapore, indicating strong investor confidence in the bank despite a dynamic global interest rate environment.
The syndicated loan facility will be used for general banking and corporate purposes. The deal was arranged by MUFG Bank and HSBC, which acted as Mandated Lead Arrangers, Underwriters, and Bookrunners.
The transaction also aligns with the bank’s strategy to expand its global investor base, particularly in Asia, helping diversify its funding sources while complementing its traditional domestic investor base that continues to participate actively in local currency issuances.
Commenting on the successful fundraise, 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.”
Strong International Credit Ratings
Bank of Baroda continues to maintain strong global credit ratings. Recently, S&P Global Ratings assigned the bank ‘BBB’ long-term and ‘A-2’ short-term issuer credit ratings with a Stable Outlook, aligned with the sovereign rating of the Government of India.
Additionally, Fitch Ratings rates the bank ‘BBB-’ with a Stable Outlook, and has upgraded its Viability Rating to ‘bb’ from ‘bb-’. Moody’s Investors Service has also assigned the bank a ‘Baa3’ rating with a Stable Outlook.
Expanding Global Presence
Bank of Baroda, one of India’s leading public sector banks, has a strong global footprint with 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. International deposits were recorded at ₹2,395.60 billion, while international advances stood at ₹2,483.48 billion.
