HDFC Bank’s Debt Issue of US $ 1 billion Additional Tier I (AT 1) Notes

HDFC Bank’s Debt Issue of US $ 1 billion Additional Tier I (AT 1) Notes

HDFC Bank’s Debt Issue of US $ 1 billion Additional Tier I (AT 1) Notes today listed on India International Exchange (IFSC) Limited and the NSE IFSC Limited (NSE International Exchange). Shri Manoj Kumar, Executive Director, IFSCA presided as chief guest at a virtual function organised for the primary listing ceremony of AT 1 Notes. Shri Kumar was joined by Mr Ashish Parthasarthy, Treasurer, HDFC Bank and Mr Bhaskar Panda, Head – Overseas Business, Treasury, HDFC Bank.

This is the largest US$ AT1 offering by any bank from India. It has been raised by the issue and allotment of Direct, Subordinated, Unsecured 3.70 % Basel III Compliant Additional Tier I Notes to overseas investors. This will shore up HDFC Bank’s already strong Tier I capital base.

Neel Achary

Neel Achary

Neel Achary is the Editor of Business News This Week, He has 20+ years of experience in digital marketing, business consulting. He holds a master's degree in Economics.

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