Loan & Debt16 Jun 2026, 10:40 pm
HDFC Bank Issues $750 Million Senior Unsecured Bonds
AI Summary
HDFC Bank, through its GIFT City IFSC Banking Unit, has successfully completed the issuance of USD 750 Million Senior Unsecured Bonds. The bonds, which are expected to be rated Baa3 by Moody's and BBB by S&P, have a tenure of 5 years, maturing on June 24, 2031. The coupon offered is 5.067% per annum, payable semi-annually. The proceeds will be utilized for general banking activities. The Notes will be listed on the India International Exchange (IFSC) Limited and NSE IFSC.
Key Highlights
- HDFC Bank issues USD 750 Million in Senior Unsecured Bonds.
- Bonds carry a 5-year tenure with a 5.067% annual coupon.
- Proceeds to be used for general banking activities.
- Notes will be listed on India International Exchange and NSE IFSC.
- Expected ratings: Baa3 (Moody's) and BBB (S&P).
Price Impact
More from HDFCBANK