HDFC Bank has raised USD 300 million in its maiden sustainable finance bond issue.

Banking & Finance

HDFC Bank has raised USD 300 million in its maiden sustainable finance bond issue. This is part of an overall raise of $ 750 million through Regulation S Bonds. The USD 300 million sustainable finance bonds have been raised for a tenure of three years at a spread of 0.95 percent over the US treasury, while the remaining USD 450 million will be repaid in five years at 1.08 percent over the US Treasury. These are the tightest credit spreads achieved by an Indian issuer for a three-year sustainable bond and five-year senior unsecured bond for a similar size of USD Reg S issuance.


     

     

     

 

     


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