HDFC Bank Ltd.

HDFC Bank has raised $750 million through a dollar bond sale. It will be paying a coupon of 5.686 per cent for the three year bonds. The Notes are rated Baa3 by Moody’s Rating Services and BBB- by S&P and will be listed on the India International Exchange (IFSC). The USD denominated senior unsecured instruments will be redeemed on maturity in March 2026.

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.