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Crédit Agricole CIB involved in the first syndication worldwide for an indian financial institution since the beginning of the crisis
Crédit Agricole CIB was mandated lead arranger and bookrunner for Bank of Baroda for a 3-year USD 125 million syndicated term loan facility.
The deal received an overwhelming response in the market and was upsized to USD 175 million. Crédit Agricole CIB's final take was USD 20 million.
Bank of Baroda is extremely appreciative of Credit Agricole CIB's efforts in successfully executing this benchmark deal. This transaction opened up the international syndicated loan market for Indian financial institution issuers, post the financial crisis.
This syndication reinforces the relationship between Crédit Agricole CIB and Bank of Baroda and should allow other mandates.