Federal Bank Board to Consider USD 500M Medium Term Note Programme

Federal Bank has announced that its Board of Directors will meet on September 17, 2026, to consider and approve a proposal for establishing a medium-term note (MTN) programme. This programme aims to raise funds by issuing foreign currency-denominated debt securities and/or other permissible instruments. The aggregate amount for this programme is capped at the equivalent of USD 500 million. The issuance can occur through one or more tranches via the bank's head office and its IFSC Banking Unit (IBU) in GIFT City. This move modifies an earlier approval granted on August 21, 2026, for issuing foreign currency-denominated bonds through its IBU.