Linklaters has advised the sole placement agent on IDFC FIRST Bank’s debut international dollar bond issuance in a private placement format.
IDFC FIRST Bank, acting through its IFSC Banking Unit at GIFT City, successfully priced and issued its inaugural US$600 million three-year 5.625% senior notes due 2029 and US$350 million five-year 5.800% senior notes due 2031. The notes were issued in a private placement format directly to investors outside the United States in reliance on Regulation S.
The transaction attracted participation from leading global institutional investors and provides the bank with an additional channel to access international capital.
The Linklaters team was led by capital markets partners Amit Singh and Xunming Lim, supported by Calvin Cheng and Edward Lee.
Partner and Head of the India Practice, Amit Singh commented:
“This transaction reflects the growing role of GIFT City as a gateway to international capital markets. We were pleased to bring together our cross-border debt capital markets expertise, regulatory and listing experience to support the successful execution of IDFC FIRST Bank’s debut international bond issuance.”
