Business News | HDFC Bank's $1 Billion AT-1 Bonds Issue Successful
Get latest articles and stories on Business at LatestLY. HDFC Bank said on Thursday it has launched its one billion US dollar additional tier-one (AT1) bond issue.
Mumbai (Maharashtra) [India], Aug 19 (ANI): HDFC Bank said on Thursday it 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.
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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. (ANI)
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