Bank of Baroda raises $500 million 5 years syndicated loan

New Delhi: Bank of Baroda on Thursday said it has raised USD 500 million five-year syndicated term loan facility through its IFSC Banking Unit in GIFT City, attracting participation from investors across key Asian markets.

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This transaction marks the bank's return to global syndicated loan market after a one-year gap. Proceeds from the facility will fund general banking and corporate purposes.

The transaction saw participation from 13 investors across key Asian markets, including Taiwan, South Korea, Japan and Singapore, suggesting robust demand and strong investor appetite, despite a dynamic global interest rate environment, the bank said in a statement.

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"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," said Debadatta Chand, Managing Director & CEO, Bank of Baroda.

MUFG Bank and HSBC acted as mandated lead arrangers, underwriters, and book-runners.

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