HDFC Bank Ltd.

BSE: 500180 | NSE: HDFCBANK
Large Cap | Bank - Private
931.15
5.15 (0.56%)
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HDFC Bank rises on the buzz of planning to issue first-ever foreign-currency bond

Date: 25-02-2013

HDFC Bank is currently trading at Rs. 660.00, up by 0.25 points or 0.04% from its previous closing of Rs. 659.75 on the BSE.

The scrip opened at Rs. 659.00 and has touched a high and low of Rs. 664.80 and Rs. 657.00 respectively. So far 16125 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 705.00 on 30-Nov-2012 and a 52 week low of Rs. 482.30 on 23-May-2012.

Last one week high and low of the scrip stood at Rs. 680.75 and Rs. 658.70 respectively. The current market cap of the company is Rs. 157269.56 crore.

The promoters holding in the company stood at 22.94% while Institutions and Non-Institutions held 42.60% and 17.30% respectively.

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.