HDFC Bank raises a record-sized amount through an overseas U.S. dollar bond sale, issuing three- and five-year notes. Economic Times reports the bank raises $1.75 billion, while other coverage describes the total as roughly $1.8 billion. The issue draws strong investor demand, with bids reported at more than $7 billion.
The deal structure includes separate tranches: NDTV says the bank sells $500 million of three-year bonds and $1.25 billion of five-year bonds, with coupons of 5.159% and 5.401%, respectively, paid semi-annually. Economic Times adds that the proceeds and funding plan relate to FCNR(B) deposit funding. Outlets differ slightly on the headline total figure and on emphasis—some highlight the record size and investor demand, while others focus on tranche sizes and coupon rates—but the core facts about maturity, currency, and the two-tranche structure remain consistent.
