- Five-year facility raised through GIFT City IFSC Banking Unit strengthens the bank’s global funding strategy
- 13 leading investors from Taiwan, South Korea, Japan and Singapore participate in the landmark transaction
- Deal marks Bank of Baroda’s return to the international syndicated loan market after a year
- Strong global credit ratings and expanding overseas footprint reinforce the bank’s standing as India’s international bank
NE ECONOMIC BUREAU
MUMBAI, MAR 13
In a significant boost to its global funding strategy, Bank of Baroda has successfully raised a USD 500 million five-year syndicated term loan through its IFSC Banking Unit at Gujarat International Finance Tec-City (GIFT City).
The transaction drew strong participation from 13 investors across key Asian financial markets, including Taiwan, South Korea, Japan and Singapore, underscoring robust international confidence in the bank despite the current dynamic global interest rate environment.
The syndicated facility also supports the bank’s strategy to expand its global investor base, particularly across Asia, while diversifying funding sources alongside its strong domestic investor participation in local currency issuances.
The deal marks the bank’s return to the global syndicated loan market after a gap of one year, with the proceeds earmarked for general banking and corporate purposes.
Global banking majors MUFG Bank and HSBC acted as Mandated Lead Arrangers, Underwriters and Bookrunners for the transaction.
Leadership Perspective
Debadatta Chand, Managing Director & CEO, 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 Global Ratings and Expanding International Footprint
Bank of Baroda continues to maintain robust international credit ratings. The bank was recently assigned ‘BBB’ long-term and ‘A-2’ short-term issuer credit ratings with a Stable Outlook by S&P Global Ratings, in line with the sovereign rating of India.
It is also rated ‘BBB-’ with a Stable Outlook by Fitch Ratings, which recently upgraded the bank’s Viability Rating to ‘bb’ from ‘bb-’.
Meanwhile, Moody’s Investors Service has assigned the bank a ‘Baa3’ rating with a Stable Outlook, reflecting continued confidence in its financial strength and stability.
Growing Global Banking Presence
Bank of Baroda has built a strong international presence across 15 countries, operating 80 overseas branches and offices in major financial hubs 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 amounted to ₹2,395.60 billion, while international advances stood at ₹2,483.48 billion, highlighting the growing significance of overseas operations in the bank’s overall growth strategy.
