HDFC Bank raises USD 750 million via 5-year bond issue

HDFC Bank completed the issuance of USD 750 million senior unsecured notes through its GIFT City IFSC Banking Unit. The five-year bonds carry a fixed coupon of 5.067% and mature on June 24, 2031. The proceeds will be used for banking activities, while the notes are proposed to be listed on IFSC exchanges.