Bank of Baroda Raises USD 400 Mn Senior Unsecured Fixed Rate Bond

Bank of Baroda has successfully concluded the issuance of an additional USD 400 million in Senior Unsecured Fixed Rate Reg S Notes. These notes carry a fixed rate of 5.318% per annum, payable semi-annually, with an original maturity of 5 years. The issuance was made under the bank's existing Medium Term Note (MTN) programme and will be consolidated with existing notes due August 20, 2031. The bonds will be issued through the IFSCBU Gift City branch and listed on the Singapore Stock Exchange, India INX Gift City, and NSE-IX Exchange Gift City. The issuance has received ratings from Fitch Ratings (BBB-), S&P Global Rating (BBB), and CareEdge Global (BBB+/Stable).