HDFC Bank Issues US$ 1.75 Billion in Senior Unsecured Bonds via GIFT City Branch
HDFC Bank Limited, acting through its GIFT City Branch, has successfully completed the issuance of Senior Unsecured Bonds amounting to a total of US$ 1,750 million. This multi-tranche bond issuance provides financing structured across different maturities and terms.The issuance involved two tranches of Senior Unsecured Fixed Rate Notes. These notes were issued under the 144A / Regulation S format and are intended for international markets, with both series listing on India INX (India International Exchange (IFSC) Limited) and NSE International Exchange (NSE-IX).
| Feature | Tranche 1 | Tranche 2 |
|---|---|---|
| Issue Size | US$ 500 Million | US$ 1,250 Million |
| Tenor | 3 years | 5 years |
| Coupon Rate | 5.159% (Semi Annual, 30/360) | 5.401% (Semi Annual, 30/360) |
| Maturity Date | August 26, 2029 | August 26, 2031 |
| Settlement Date | August 26, 2026 | August 26, 2026 |
| Security Status | Unsecured | Unsecured |
| Ranking | Senior Unsecured | Senior Unsecured |
Both tranches carry a rating of Baa3 (Stable) / BBB (Stable) by Moody's / S&P and are expected to maintain this rating. The notes are secured as senior unsecured instruments. For the Tranche 1, the ISIN is RegS: USY30909AA69 (144A: US42190GAA40), while the Tranche 2 holds ISIN RegS: USY30909AB43 (144A: US42190GAB23).
The terms specify that the notes will be redeemed at maturity. The issuance also signifies that the Issuer and the Lead Managers have executed the Subscription Agreement for the appointed Lead Managers for both note series.
HDFCBANK Stock Price Movement
On Thursday, HDFC Bank Limited stocks edged higher after the session, gaining 0.70% to settle at ₹725.05. The equity traded within a narrow band during the day and saw robust investor participation, with total traded volume reaching 17.60 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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