Loan & Debt17 Sept 2026, 03:44 pm
Federal Bank Approves USD 500 Million Medium Term Note Programme
AI Summary
Federal Bank's Board of Directors has approved modifications to a previously granted approval, authorizing the establishment of a Medium Term Note (MTN) Programme for up to USD 500 million. Under this programme, the bank can offer and issue secured/unsecured bonds, including foreign currency notes, in one or more tranches to eligible investors. These securities will be listed on international stock exchanges, including India International Exchange (IFSC) Limited and/or NSE IFSC Limited.
Key Highlights
- Board approves USD 500 million Medium Term Note Programme.
- Programme allows issuance of secured/unsecured bonds.
- Securities to be offered to eligible investors.
- Bonds will be listed on international stock exchanges.
Price Impact
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