The largest private lender in the nation, HDFC Bank, revealed on Thursday that it has raised USD 750 million through the selling of dollar bonds.
According to a filing with the exchange, the bank stated that it would be paying a coupon of 5.686 percent for the three-year bonds. The paper, which has ratings of Bbb from S&P and Baa3 from Moody’s Rating Services, would be listed on the India International Exchange, it was announced. The senior unsecured instruments with USD par value will be redeemed in March 2026. On Thursday, the HDFC Bank share closed 0.69 percent lower on the BSE at Rs 1,603.35, compared to a 0.23 percent decline in the benchmark.