Mumbai, Feb 23 (PTI) The country's largest private sector lender HDFC Bank on Thursday announced that it has raised USD 750 million through a dollar bond sale.

The bank said it will be paying a coupon of 5.686 per cent for the three year bonds, according to an exchange filing.

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The paper, rated Baa3 by Moody's Rating Services and Bbb by S&P, will be listed on the India International Exchange, it said.

The USD denominated senior unsecured instruments will be redeemed on maturity in March 2026.

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The HDFC Bank scrip had closed 0.69 per cent down at Rs 1,603.35 a piece on the BSE on Thursday, as against a 0.23 per cent correction on the benchmark.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)