Bank of Baroda underwrites $500 million loan facility
after close1 source ↓written by the desknot a recommendation
Bank of Baroda has underwritten a $500 million 5-year foreign currency term loan facility for OVL Overseas IFSC Limited, a subsidiary of ONGC Videsh Limited. This transaction underscores the bank's expertise in syndicated loans and the growing significance of GIFT City in facilitating cross-border financing. 🌍
The drawdown ceremony was attended by senior officials from both institutions, emphasizing the collaboration between public sector units and Indian banks in global operations.
Not investment advice. For informational purposes only.