Bank of Baroda Raises USD 500 Million Five-Year Syndicated Loan; Attracts Strong Participation from Asian Investors
Mumbai, March 12th, 2026: 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.
Dr. 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."
Bank of Baroda maintains strong 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 the Government of India. The Bank is also rated ‘BBB-’ with a Stable Outlook by Fitch Ratings, which recently upgraded its Viability Rating to ‘bb’ from ‘bb-’. Moody’s Investors Service has assigned the Bank a ‘Baa3’ rating with a Stable Outlook.
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.
About Bank of Baroda
Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of over ~180 million through around 65,000 touch points spread across 15 countries in five continents and through its various digital banking platforms, which provide all banking products and services in a seamless and hassle-free manner. The Bank’s vision matches the aspirations of its diverse clientele base and seeks to instil a sense of trust and security in all their dealings with the Bank.