Bank of Baroda enhances resource raising limits for overseas operations following board approval
Bank of Baroda announced a strategic enhancement of its resource raising limits during a recent Board meeting concerning its international operations. The decisions cover both the bank's borrowing capacity and specialized debt instruments aimed at sustainable funding in overseas markets.The Board determined that the limit for borrowings through various loan facilities has been doubled, increasing from USD 5.00 billion to USD 10.00 billion. This expanded capacity applies across multiple arrangements, including syndicated loans, bilateral loans, club deals, and other similar lending facilities.
In addition to strengthening its borrowing capacity, the Bank confirmed provisions for its Medium Term Note (MTN) program and introduced a specific limit for ESG-focused debt in overseas operations. The existing MTN program size has been retained at USD 4.00 billion. For specialized funding, a new sub limit of USD 1.00 billion has been set specifically for Green and ESG (Environmental, Social and Governance) Bonds issuance targeting overseas operations, including the IFSCBU.
The financial details pertaining to the expanded resource raising limits are summarized below:
| Financial Parameter | Previous Limit | New Limit/Limit Status | Scope |
|---|---|---|---|
| General Borrowing Facilities | USD 5.00 billion | Increased to USD 10.00 billion | Loan facilities, syndicated and bilateral loans |
| Medium Term Note (MTN) Program | N/A | Maintained at USD 4.00 billion | Overseas operations |
| Green and ESG Bonds Issuance | N/A | New sub limit of USD 1.00 billion | Overseas operations including IFSCBU |
BANKBARODA Stock Price Movement
Bank of Baroda saw its equity rise today, closing at ₹246.45 after gaining 1.27% in post-market trading. The stock experienced brisk movement as it settled, with over 8.47 million shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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