BlackRock, Capital Group Anchor IDFC FIRST Bank’s Maiden $500 Million Global Bond

IDFC FIRST Bank Successfully Accesses International Debt Capital Markets with Maiden US$500 Million Bond Issuance

IDFC FIRST Bank Successfully Accesses International Debt Capital Markets with Maiden US$500 Million Bond Issuance

BlackRock, Capital Group anchor IDFC FIRST Bank’s maiden $500 million global bond

IDFC FIRST Bank raised $500 million through its maiden international bond issuance, marking its entry into global debt markets. The three-year senior notes, due in 2029, carry a 5.625% coupon and attracted major investors including BlackRock, Capital Group and AllianceBernstein. The fundraising diversifies the banks funding base and supports its long-term growth ambitions.

Indian Bank raises $400 million for four years

Indian Bank raised $400 million through a four-year overseas funding programme via its GIFT City branch, joining Indian lenders tapping global debt markets. Banks are accelerating dollar bond issuances following regulatory changes to the concessional swap window for FCNR deposits. Axis, ICICI, Federal, IDFC First, Kotak Mahindra and Yes Bank are also active.

IDFC First Bank raises $500 Mn via maiden 3-yr senior notes

IDFC First Bank has raised $500 million through its maiden three-year fixed-rate senior notes due 2029 via its IFSC Banking Unit at GIFT City.

IDFC First Bank Limited

IDFC First Bank Limited has informed the Exchange about General Updates |SUBJECT: General Updates Source link