MoneyWorks4Me

HDFC Bank raises $500 million by way of Fixed Rate Senior Unsecured Notes

07 Mar 2013 Evaluate

HDFC Bank, acting through its Bahrain branch, has raised $500 million by way of Fixed Rate Senior Unsecured Notes under its $1 billion Medium Term Note Programme, on March 06, 2013. The Notes carry a coupon of 3.00 percent, per annum payable semi annually and will mature on March 06, 2018. The Notes will be listed on the Singapore Stock Exchange.

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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