Date: August 18, 2026
Board Meeting Outcomes
IDFC FIRST Bank Limited, acting through its IFSC Banking Unit, has successfully priced its US$ 500 Million Senior Notes on August 18, 2026. This marks the Bank's maiden entry into international debt capital markets as part of its strategy to diversify funding profile and expand access to global capital sources.
The transaction witnessed strong participation from a diversified base of global institutional investors, reflecting investor interest and confidence in the Bank's business model and growth strategy.
Fundraising / Financing Details
Instrument Details:
- Issuer: IDFC FIRST Bank Limited, acting through its IFSC Banking Unit
- Type of securities: USD denominated Senior notes
- Type of issuance: Reg S issuance on a private placement basis
- Size of the issue: US$ 500 Million
- Listing: Vienna MTF and Global Securities Market of the India INX and/or Debt Securities Market of the NSE IX
- Tenor: 3 years
- Date of allotment: 25 August 2026
- Date of maturity: 25 August 2029
- Coupon: 5.625%
- Interest payment schedule: 25 August and 25 February of each year, commencing on 25 February 2027
- Security: Unsecured
- Redemption: Unless previously redeemed, or purchased and cancelled, the Notes will be redeemed on the maturity date
Additional Features:
- No special rights/privileges attached to the instrument
- No history of delay in payment of interest/principal beyond three months
- No letters/comments regarding payment/non-payment issues
- No cancellation or termination of the issuance proposal
Regulatory Disclosure
Disclosure made under Regulation 30 of the SEBI (LODR) Regulations, 2015