Loan & Debt24 Jul 2026, 07:11 pm
HDFC Bank exercises call option on $1B 3.7% AT1 Notes
AI Summary
HDFC Bank Limited has announced the exercise of its call option on US$1,000,000,000 3.7% Additional Tier 1 Notes. The redemption will occur in full on August 25, 2026, at 100% of the principal amount outstanding, plus accrued interest. The bank has notified the Trustee, Citicorp International Limited, to inform all eligible bondholders. This action is in accordance with the terms and conditions of the bonds issued on August 25, 2021.
Key Highlights
- HDFC Bank will redeem $1 billion of 3.7% AT1 Notes.
- Redemption date set for August 25, 2026.
- Notes will be redeemed at 100% of principal plus accrued interest.
- Call option exercised as per bond terms and conditions.
Price Impact
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