Debt financing
IDFC First Bank raises $500-M in maiden international bond issuance
BSE Announcement Business Standard
IDFC First Bank has raised USD 500 million through its maiden international bond issuance. The transaction was anchored by global institutional investors including BlackRock, Capital Group and AllianceBernstein. The bonds have a tenure of three years and carry a fixed coupon of 5.625%.The bank conducted this issuance through its IFSC Banking Unit located in GIFT City. S&P Global Ratings has assigned a 'BBB-' long-term issuer credit rating.
For FY25, IDFC First Bank had reported about INR 36,501 Cr in Operating Income and about INR 1,525 Cr in PAT.
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