SME Times is powered by   
Search News
Just in:   • Over 25 injured as bus overturns in MP's Chhindwara  • Centre has released Rs 50,571 crore to states as special assistance  • India’s power consumption up 5 per cent in Nov  • AMRUT 2.0 scheme allocates Rs 66,750 crore to help cities become 'water secure  • CRISIL reaffirms strong credit ratings for Adani Group firms 
Last updated: 07 Apr, 2016  

IDFC Bank Wins Top honours at IFR Asia

NewsVoir | 04 Apr, 2016
IDFC Bank, subsidiary of the country’s leading integrated infrastructure finance company, IDFC Ltd., has been named the ‘India Bond House’ for the year 2015, by International Financing Review Asia (IFR Asia). 

 

The award validates the strength of IDFC Bank’s Debt Capital Market (DCM) business in creating landmark transactions. It also recognizes the bank for adding depth and breadth to Indian bond markets in 2015 by leading the key trend of bringing infrastructure companies to rupee capital markets to repay high-cost bank debt. “The lender arranged cost-effective financings for a range of infrastructure clients as it transformed from a non-banking financial company into a full-fledged universal bank,” IFR Asia said.

 

The India Bond House Award recognizes IDFC Bank’s successful execution during 2015 of numerous plain-vanilla bond deals and several innovative and landmark transactions, including IIFCL & ADB credit enhanced bonds, annuity-road project bonds, simultaneous super-senior, senior and mezzanine bond tranches for annuity-road project, corporate green bonds, and bonds with sponsor’s partial credit enhancement.

 

Besides these and prior to 2015, IDFC Bank has successfully structured many other unique bond transactions. Some of these include, like India’s only inflation-indexed bonds for a corporate, India’s first office collateralized-mortgage backed securities (CMBS), first-of-its-kind re-investment yield protected, conditionally callable bonds, largest future-flow securitisation in the energy sector, and many more. Recently, IDFC acted as arrangers to first ever bond issuance in transmission sector securitising asset cash-flows upto 17.5years.

 

Speaking on the award, Ajay Mahajan, Head - Commercial & Wholesale Banking, IDFC Bank, said, “The award makes note of IDFC Bank’s innovative approach and superior capabilities in structuring complex transactions. We would like to thank our clients for placing their trust in IDFC Bank. We also thank IFR Asia for giving us this recognition.”    

 

Ajay Mahajan received the award with Jayen Shah, Head – Debt Capital Markets, IDFC Bank, from Steve Garton, Editor of IFR Asia, at a function held in Hong Kong recently. The IFR Asia Awards are part of the Thomson Reuters Awards for Excellence, recognising corporate and individual success in the global financial industry.

 

About IDFC Bank:

IDFC Bank (BSE: 539437, NSE: IDFCBANK) is a subsidiary of India’s leading integrated infrastructure finance company, IDFC Ltd (BSE: 532659, NSE: IDFC). Headquartered in Mumbai, IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, internet (www.idfcbank.com) and mobile. Envisioned as a new age bank, IDFC Bank seeks to set a new standard in customer experience, using technology and a service-oriented approach, to make banking simple and accessible, anytime and from anywhere. In keeping with IDFC’s legacy of building the nation, IDFC Bank will focus on serving the rural underserved communities and the self-employed, while continuing to support the country’s infrastructure sector. IDFC Bank provides customized financial solutions to corporates, individuals, small and micro-enterprises, entrepreneurs, financial institutions and the government. With best-in-class corporate governance, rigorous risk management, experienced management and a diversified team, IDFC Bank is uniquely positioned to meet the aspirations of its customers and stakeholders.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter