What was filed
HDFC Bank Limited informed the exchanges on June 16, 2026 that it had completed the issuance of USD 750 million in senior unsecured bonds. The issue was made through the bank's GIFT City IFSC Banking Unit. The company stated the proceeds are intended for banking activities.
Terms of the bonds
Per the filing, the USD-denominated senior unsecured bonds carry a tenure of five years, with an allotment date of June 24, 2026 and a maturity date of June 24, 2031. The coupon is 5.067% per annum, payable on June 24 and December 24 each year, commencing December 24, 2026. The bonds are unsecured and rank senior unsecured, with redemption at maturity. The company said the notes are expected to be rated Baa3 by Moody's and BBB by S&P, and will be listed on the India International Exchange (IFSC) Limited and NSE IFSC.