Bank of Baroda underwrites $500 million loan facility
pre-market1 source ↓written by the desknot a recommendation
- 5-year foreign currency
- $500 million
Bank of Baroda has successfully underwritten a $500 million 5-year foreign currency term loan facility for OVL Overseas IFSC Limited, a subsidiary of ONGC Videsh Limited. This transaction reflects the growing maturity of GIFT City and the capabilities of Indian banks in cross-border financing. The drawdown ceremony was attended by senior officials from both institutions.
Not investment advice. For informational purposes only.