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HDFC Bank raises Rs 739 crore via masala bond

01 Oct 2021 Evaluate

HDFC Bank has raised Rs 739 crore by issuing the rupee-denominated masala bonds in the overseas markets. The private sector lender will use the proceeds from the issue for banking activities.

The subordinated additional tier I bonds are compliant with Basel III norms. The perpetual bonds, which are unrated and unsecured, carry a coupon rate of 7.55 per cent. The notes (bonds) will be listed on the India International Exchange (IFSC) and NSE IFSC.

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.

HDFC Bank Share Price

829.50 -0.25 (-0.03%)
07-Jul-2026 15:09 View Price Chart
Peers
Company Name CMP
HDFC Bank 829.50
ICICI Bank 1415.70
Axis Bank 1342.90
Kotak Mahindra Bank 381.60
Indusind Bank 1025.45
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