Date: August 24, 2026
Board Meeting Outcomes
- The Bank has allotted US$ 650,000,000 5.478 per cent senior notes due 2031 (Notes) on August 24, 2026.
- This allotment is part of the US$ 1 billion euro medium term note programme established by the Bank under Regulation S of the U.S. Securities Act 1933.
Fundraising Details
Type of Instrument: Senior Notes
Ratings: BBB by S&P Global Ratings
Use of Proceeds: To diversify the Bank's funding sources and meeting its general corporate purposes in accordance with applicable laws, rules, regulations and guidelines.
Listing: India International Exchange (IFSC) Limited and NSE IFSC Limited
Size of Issue: US$ 650,000,000
Tenure: 5 years
Date of Allotment: August 24, 2026
Date of Maturity: August 24, 2031
Coupon: 5.478% per annum (Fixed Rate)
Interest Payment Schedule: 24 February and 24 August in each year up to and including August 24, 2031
Principal Payment Schedule: Redemption at par on August 24, 2031
Security: Unsecured
Special Rights: Not Applicable
Common Code: 348076558
Disclaimer Notes
- The Notes were offered and sold pursuant to Regulation S under the United States Securities Act of 1933
- The Notes are not registered under the Securities Act and may not be offered or sold within the United States
- The offering circular for the Notes has not been registered with any Indian regulatory authorities except for mandatory disclosures required under applicable Indian laws