The bank said the proceeds will be used for general banking and corporate purposes
Bank of Baroda raised a $500 million five-year syndicated term loan on Thursday, marking its return to the global syndicated loan market after a one-year absence. The facility was arranged through the bank’s IFSC Banking Unit in GIFT City, with MUFG Bank and HSBC acting as mandated lead arrangers, underwriters and bookrunners.
The deal drew participation from 13 investors across Taiwan, South Korea, Japan and Singapore. The bank said the proceeds will be used for general banking and corporate purposes.
Investor confidence
Managing Director and CEO Debadatta Chand said the transaction reflects global investor confidence in the bank’s financial management and supports its strategy of diversifying funding sources.
The deal continues the bank’s push to expand its international investor base beyond its traditional domestic one. Bank of Baroda currently holds investment-grade credit ratings from all three major agencies — BBB with a Stable Outlook from S&P Global Ratings, BBB- with a Stable Outlook from Fitch (which recently upgraded its Viability Rating), and Baa3 with a Stable Outlook from Moody’s.
Bank of Baroda is a majority government-owned lender with operations in 15 countries. As of December 31, 2025, its total international business stood at ₹4,879.08 billion, accounting for 16.08 per cent of its global business.
Published on March 12, 2026
