India New Issue-IDFC First Bank to issue 3-month CD - bankers

IDFC First Bank

19/07/2023 08:13

(NOTE TO SUBSCRIBERS: Reuters is considering discontinuing the following 'India New Issue'
report. If you have feedback or questions, please contact India Financial News Editor Ira Dugal
Ira.Dugal@thomsonreuters.com prior to July 31)
       MUMBAI, July 19 (Reuters) - India's IDFC First Bank  IDFB.NS  plans to raise funds by
selling certificates of deposit maturing in three months at a yield of 7.05%, three merchant
bankers said on Wednesday.


Below is the list of deals reported so far on July 19:
 Issuer Name      Instrument  Tenure (in    Yield     Amount (in bln
                  type        months)       (in %)    rupees)
 IDFC First Bank  CD          3             7.05      10
 
($1 = 82.1000 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
 ((Dharamraj.dhutia@tr.com))