Loan & Debt24 Aug 2026, 10:20 pm
IDFC First Bank Prices US$ 350 Million Senior Notes
AI Summary
IDFC FIRST Bank Limited, through its IFSC Banking Unit, has successfully priced US$ 350 million in 5-year Senior Notes. This issuance follows a recent US$ 600 million benchmark-sized 3-year international bond issuance. Both transactions garnered significant interest from global institutional investors, underscoring the bank's financial strength and franchise. The 5-year notes, maturing on August 28, 2031, carry a coupon of 5.800% and are unsecured. They are planned for listing on the Vienna MTF and the India INX.
Key Highlights
- IDFC First Bank priced US$ 350 million in 5-year Senior Notes.
- Issuance follows a US$ 600 million 3-year international bond.
- Notes priced at a 5.800% coupon, maturing in August 2031.
- Strong demand from global institutional investors noted.
- Securities to be listed on Vienna MTF and India INX.
Price Impact
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