Fitch Ratings has assigned India-based Bank of Baroda's (BOB; BBB-/Stable) USD 250 million senior unsecured notes due July 2019 a final rating of 'BBB-'.

The notes, issued by BOB's London branch, have been priced at 203bp above comparable US Treasuries and carry a maturity of 5.5 years.

The senior unsecured instruments are rated at the same level as the bank's Issuer Default Rating (IDR), in accordance with Fitch's criteria.

Shares of the bank declined Rs 44.1, or 5.25%, to settle at Rs 796.35. The total volume of shares traded was 170,396 at the BSE (Monday).