Loan & DebtJun 17, 2026, 06:07 AM
HDFC Bank Issues $750M Senior Unsecured Bonds
AI Summary
HDFC Bank announced the successful issuance of USD 750 Million Senior Unsecured Bonds through its GIFT City IFSC Banking Unit. The bonds mature in 5 years with a coupon rate of 5.067% and are expected to be rated Baa3 by Moody's and BBB by S&P. The proceeds will be utilized for general banking activities, and the notes will be listed on the India International Exchange (IFSC) Limited and NSE IFSC.
Key Highlights
- HDFC Bank completed the issuance of USD 750 Million Senior Unsecured Bonds.
- The bonds have a tenure of 5 years, with an allotment date of June 24, 2026, and maturity date of June 24, 2031.
- The coupon rate is 5.067% per annum, payable semi-annually on June 24 and December 24.
- The bonds are expected to be rated Baa3 by Moody's and BBB by S&P.
- Proceeds from the issuance will be used for general banking activities.
- The Notes will be listed on the India International Exchange (IFSC) Limited and NSE IFSC.
Price Impact
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