BoB, Mizuho Bank forge partnership to enhance collaboration in M&A financing

State-owned () and , the banking arm of Japan’s Mizuho Financial Group, on Tuesday announced a to enhance collaboration across (M&A) financing and related services.

The partnership brings together Mizuho’s extensive global network, cross-border capabilities and expertise in structured finance with Bank of Baroda’s strong domestic franchise, deep corporate relationships and comprehensive understanding of the , a joint statement said.

Under this partnership, Mizuho and BoB will collaborate on transactions covering , including joint origination, structuring, co-underwriting and syndication, M&A advisory on identified deals and forming preferred-partner channels for sub-participation and secondary risk distribution, it said.

Besides, ancillary banking services such as cooperation in global market products for foreign exchange and interest rate hedging and escrow services in related transactions and capacity building through the exchange of best practices in acquisition finance underwriting, structuring, inter-creditor arrangements and related fields are also part of the strategic tie-up. PTI