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HDFC Bank launches $1 billion additional tier-I bond issue

19 Aug 2021 Evaluate

HDFC Bank has launched its $1 billion additional tier-I (AT1) bond issue and was able to close the pricing at a level substantially lower than the initial guidance. The final closure for the five-year perpetual bond sale is yet to happen and will be announced later.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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