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IDFC First Bank Completes Maiden USD 500 Million Bond Issuance from GIFT City

22 August 2026National

IDFC First Bank completed its maiden USD 500 million bond issuance through its IFSC Banking Unit (IBU) at GIFT City, Gandhinagar, marking the private lender's debut in global debt capital markets. The three-year notes, due 2029, carry a fixed coupon of 5.625% and were placed with investors outside the United States in Regulation S format. S&P Global Ratings assigned an investment-grade 'BBB-' rating with a Stable Outlook, and marquee investors including BlackRock, Capital Group and AllianceBernstein participated. Interest will be paid semi-annually on 25 February and 25 August, with the first payment due 25 February 2027.

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IDFC First Bank was formed in 2018 by merging IDFC Bank and Capital First; it is headquartered in Mumbai | GIFT City in Gandhinagar, Gujarat hosts India's only International Financial Services Centre | IFSCA, set up in 2020 and headquartered at GIFT City, is the unified regulator for financial services in an IFSC

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