Key Quantitative Figures
- Bond Amount Outstanding: ₹7,39,00,00,000 (₹739 crore)
- Redemption Price: 100% of principal amount outstanding
- Additional Payment: Accrued and unpaid interest/distributions up to (but excluding/including) the redemption date
Dates of Action
- Issue Date: September 30, 2021
- Call Option Exercise Date: September 1, 2026
- First Call Date/Redemption Date: September 30, 2026
- Trustee Notification Date: September 1, 2026
Parties Involved
- Issuer: HDFC Bank Limited
- Trustee: Citibank, N.A., London Branch
- Copy to: Citicorp International Ltd., Hong Kong
- Regulatory Recipients: BSE Limited (Scrip Code: 500180) and National Stock Exchange of India Limited (Scrip Symbol: HDFCBANK)
Terms and Conditions
- Security Type: Additional Tier 1 Notes
- Description: INR 7,39,00,00,000 Additional Tier 1 notes sold under Regulation S
- Redemption Basis: Full redemption of all outstanding bonds
- Legal Basis: Exercise of call option under Condition 7.3 of Trust Deed
Procedural Details
- Formal letter dated September 1, 2026 issued to Trustee Citibank N.A., London Branch
- Trustee instructed to issue redemption notice to all eligible bondholders
- Redemption process to follow prescribed timelines and mode of delivery
- Bondholders directed to contact depository participants, custodians, or paying agents for procedural matters
Financial Impact
Upon redemption on September 30, 2026, all rights and obligations relating to the bonds will cease, except for the right to receive redemption amounts. The bank will pay 100% of principal plus accrued interest/distributions.