BlackRock, Capital Group anchor IDFC FIRST Bank’s maiden $500 million global bond

IDFC FIRST Bank raised $500 million through its maiden international bond issuance, marking its entry into global debt markets. The three-year senior notes, due in 2029, carry a 5.625% coupon and attracted major investors including BlackRock, Capital Group and AllianceBernstein. The fundraising diversifies the bank’s funding base and supports its long-term growth ambitions.