HDFC Bank, second largest private sector lender is reportedly planning to issue its first-ever foreign-currency bond and will meet fixed-income investors in Hong Kong, Singapore and London starting Feb 25.
The bond is expected to be rated Baa2 and BBB- by Moody's and Standard & Poor’s respectively. The joint book runners for the proposed issue will be Bank of America Merrill Lynch, Citigroup, JP Morgan and Standard Chartered Bank.
HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its 21 million customers across hundreds of Indian cities using multiple distribution channels including a pan- India network of branches, ATMs, phone banking, net banking and mobile banking.
