Key Transaction Details
- HDFC Bank Limited, acting through its GIFT City IFSC Banking Unit, completed the issuance of USD 750,000,000 Senior Unsecured Bonds on June 16, 2026.
- The instrument type is USD-denominated senior unsecured bonds.
- The notes are expected to be rated Baa3 by Moody's Rating Services and BBB by S&P.
- The stated use of proceeds is for banking activities.
Instrument Characteristics
- Size of Issue: USD 750,000,000
- Tenure: 5 years
- Allotment Date: June 24, 2026
- Maturity Date: June 24, 2031
- Coupon: 5.067% per annum, payable semi-annually on June 24 and December 24 each year, commencing on December 24, 2026
- Security: Unsecured
- Ranking: Senior unsecured
- Redemption: At maturity
Listing Information
The Notes will be listed on the India International Exchange (IFSC) Limited and NSE IFSC.
Default Provisions
Delay in payment of interest/principal amount for a period of more than 3 months from the due date or default in payment will be handled as per the Clauses in the Terms and Conditions of Notes.