New Delhi, March 12 Bank of Baroda announced on Thursday that it has secured a USD 500 million five-year syndicated term loan facility through its International Financial Services Centre (IFSC) Banking Unit in GIFT City, attracting participation from investors across key Asian markets.
This transaction marks the bank's return to the global syndicated loan market after a one-year hiatus.
The proceeds from the facility will be used for general banking and corporate purposes.
The transaction saw participation from 13 investors across key Asian markets, including Taiwan, South Korea, Japan, and Singapore, indicating strong demand and investor interest, despite the dynamic global interest rate environment, the bank said in a statement.
"This successful transaction reinforces the confidence that global institutions have 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 solidifying our position 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.
