HDFC Bank Launched USD 1Billion Bond Issu

HDFC Bank has launched its one billion US dollar additional tier-one (AT1) bond issue.

The bank said it was able to get a final pricing of 3.7 per cent. The notes will be listed on India International Exchange (IFSC) Ltd.

The use of proceeds will be for banking purposes. Global ratings agency Moody's Investors Service has given a Ba3 rating to the bond issue.

HDFC Bank reported total assets of Rs 17.5 lakh crore as of June 30.