IDFC FIRST Bank Raises $500 Million Overseas, Maiden Global Bond Issue Broadens Funding Base

Mumbai: IDFC FIRST Bank successfully issued its first international bond, raising USD 500 million through senior notes. This marks the private sector lender's debut in global debt capital markets. The bank priced the notes on August 18, 2026, via its International Financial Services Centre Banking Unit. The funds raised will broaden the bank's funding base and diversify its funding sources.

The US dollar-denominated notes, issued under Regulation S, attracted broad participation from global institutional investors, indicating confidence in IDFC FIRST Bank's business model and growth prospects. The three-year notes carry a 5.625% coupon rate and will be repaid on August 25, 2029, with interest paid twice a year on August 25 and February 25, beginning on February 25, 2027.

Unsecured and not backed by specific assets, the notes will be listed on the Vienna Multilateral Trading Facility, the Global Securities Market of India INX, and the Debt Securities Market of NSE IX, according to the bank's filing.