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Federal Bank plans to raise up to USD 500 million via debt securities from its GIFT City IBU
18-Aug-2026, 05:12
Federal Bank will seek board approval on August 21, 2026, to raise funds through the issuance of foreign currency denominated debt securities and/or other permissible instruments via its International Financial Services Centre (IFSC) Banking Unit (IBU) at GIFT City, potentially up to the equivalent of USD 500 million with a maximum tenor of five years.
Federal Bank will seek board approval on August 21, 2026, to raise funds through the issuance of foreign currency denominated debt securities and/or other permissible instruments via its International Financial Services Centre (IFSC) Banking Unit (IBU) at GIFT City, potentially up to the equivalent of USD 500 million with a maximum tenor of five years.