The Federal Bank Limited has established a US$ 500,000,000 medium term note programme. The notes when issued are proposed to be listed and admitted to trading on the NSE IFSC Limited, GIFT City.

TT&A advised Federal Bank on this transaction.

The transaction team consisted of Priyanka Kumar (Partner) , Saara Ahmed (Managing Associate) and Shrijaya Singh (Associate).

Linklaters advised The Hongkong and Shanghai Banking Corporation Limited, which is acting as the arranger, dealer and trustee for the MTN Programme.

This marks the Bank’s debut entry into the offshore dollar bond market through the establishment of its MTN Programme.

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