HDFC Bank raises $750 million in the largest offshore bond deal by an Indian lender since May 2023.
India's largest private lender,
HDFC Bank, has accepted bids worth $750 million for
its planned dollar bonds, capitalising on the central bank's
subsidised hedging window for overseas borrowings, three
merchant bankers said on Wednesday.The deal is the largest by an Indian lender since the State Bank of India's $750 million five-year bond sale in May 2023 and comes as SBI and Bank of Baroda line up similar overseas debt sales.HDFC Bank priced its 5-year bond issue at 90 basis points
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HDFC Bank has successfully raised $750 million through dollar bonds. This move capitalizes on the Reserve Bank of India's…
Bank may raise over $500 million through a five-year dollar bond amid strong investor demand.
HDFC Bank plans to raise at least $500 million via dollar bonds this week, utilizing the central bank's subsidized hedging…
State Bank of India and Bank of Baroda are stepping into uncharted territory as the inaugural users of the Reserve Bank of…
SBI and Bank of Baroda plan to issue $1 billion in dollar bonds, utilizing RBI's new subsidized hedging facility.
HDFC Bank is poised to benefit from RBI's FCNR-B revival, enhancing foreign inflows and future growth, says Jefferies.
