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HDFC Bank to raise $500 million via US dollar denominated bonds

28 Feb 2013 Evaluate

HDFC Bank, country’s second largest bank is aiming to raise $500 million through a five-year US dollar denominated bonds that is senior unsecured notes. The bank hit the foreign debt markets on February 27, 2013 with a $500-million bond issue. The private sector lender had launched a road-show in Hong Kong, Singapore and London for issue, on February 25, 2013.

HDFC Bank is one of India's premier bank 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.

Peers
Company Name CMP
HDFC Bank 719.35
ICICI Bank 1305.50
Axis Bank 1214.00
Kotak Mahindra Bank 419.80
Indusind Bank 880.00
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