GANDHINAGAR — Bank of Baroda (BoB) has successfully closed a USD 500 million five-year syndicated term loan facility through its IFSC Banking Unit in GIFT City. This transaction marks the bank’s return to the global syndicated loan market after a one-year hiatus.

Key Highlights:

• Global Participation: The loan saw strong interest from 13 institutional investors across major Asian markets, including Taiwan, South Korea, Japan, and Singapore.
• Strategic Use of Funds: The proceeds are earmarked for general banking and corporate purposes, supporting the bank's international operations.
• Funding Diversification: MD & CEO Debadatta Chand noted that the successful deal reinforces global confidence in the bank’s financial management and helps diversify its funding sources.
• IFSC Milestone: The deal further cements GIFT City’s growing role as a hub for major cross-border financial transactions by Indian public sector lenders.

This fundraising effort aligns with the bank's long-term strategy to strengthen its global investor engagement and maintain its position as "India’s International Bank."