HDFC Bank Ltd.

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.