HDFC Bank raises about $1.75 billion through an overseas bond issue, selling three- and five-year U.S. dollar-denominated bonds. Multiple outlets describe the transaction as a record for the bank and the largest debt capital market raise by an Indian financial institution.
The issue is split into tranches, including $500 million of three-year bonds and $1.25 billion of five-year bonds, with coupons cited as 5.159% for the three-year notes and 5.401% for the five-year notes, with interest paid semi-annually. Reporting also says investor demand is strong, with bids reported at more than $7 billion, which supports tighter pricing.
Outlets frame the deal slightly differently. One account highlights it as the largest overseas bond sale by an Indian bank since the 2008 crisis, while another positions the bank as the top issuer under an RBI-regulated window. A separate figure is cited by one outlet as an aggregate $2.50 billion, reflecting differing ways of describing related amounts or the broader programme context. Overall, the coverage converges on the bond tenors, strong demand, and the transaction’s record-setting nature.
