IDFC First Bank raises $500 million through maiden overseas bond issue

IDFC First Bank raised $500 million through its first international bond issuance, marking its entry into global debt markets.

The three-year bonds carry a 5.625% coupon and mature in 2029.

Backed by an investment-grade S&P rating, the issue attracted major global investors, diversifying the bank’s funding sources and supporting long-term expansion.