IDFC FIRST Bank has raised $500 million through its maiden international bond issuance, with global investment firms BlackRock and Capital Group among the marquee institutional investors anchoring the transaction.
The private sector lender, acting through its IFSC Banking Unit at GIFT City, successfully priced and allocated its inaugural $500 million three-year fixed-rate senior notes due 2029. The notes carry a fixed coupon of 5.625% and were placed with investors outside the United States under the Regulation S format.
