Loan & DebtJul 27, 2026, 06:07 AM
HDFC Bank to Redeem $1B Additional Tier 1 Notes on Aug 25, 2026
AI Summary
HDFC Bank announced its decision to exercise the call option for its US$1,000,000,000 3.7% Additional Tier 1 Notes. The bank will redeem the bonds in full on August 25, 2026, at 100% of the principal amount outstanding, along with accrued and unpaid interest. A notice of redemption has been issued to the Trustee, Citicorp International Limited, for distribution to eligible bondholders.
Key Highlights
- HDFC Bank to redeem US$1,000,000,000 Additional Tier 1 Notes.
- The notes carry a 3.7% interest rate.
- Redemption is scheduled for August 25, 2026.
- Redemption price is 100% of the principal amount outstanding plus accrued interest.
- The bonds were originally issued on August 25, 2021.
- Notice of redemption has been issued to the Trustee, Citicorp International Limited.
Price Impact
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