HDFC Bank raises $750 million via offshore bond issue through GIFT City unit (opens original article in a new tab)

HDFC Bank raised $750 million through a five-year offshore bond issue with a 5.067% coupon rate, with proceeds allocated for banking activities.

• HDFC Bank raised $750 million through offshore bond issue via GIFT City unit
• Proceeds from the bond will be used for banking activities
• Bonds have a 5.067% annual coupon rate and will mature in 2031