HDFC Bank Raises $750 Mn Through Offshore Bond Issue

HDFC Bank, India's largest private-sector bank, has raised $750 million through senior unsecured dollar-denominated bonds issued. The 5-year bonds offer an annual coupon of 5.067%, with interest payable every June 24 and Dec 24 starting from December 24, 2026. Scheduled to mature on June 24, 2031, the bonds will be listed on India INX and NSE IFSC.