HDFC Bank plans to raise at least $500 million via dollar bonds this week, utilizing the central bank's subsidized hedging window. The five-year bond issue, with initial guidance of 5-year U.S. Treasury yield plus 120 basis points, is expected to see strong demand. Proceeds will fund foreign branches and subsidiaries, and general corporate purposes.
HDFC Bank plans to raise at least $500 million this week via dollar bonds, leveraging the central bank's subsidized hedging window. The five-year issue, guided at 5-year U.S. Treasury plus 120 basis points, anticipates strong demand. Funds will support foreign branches,…
Market Samachar is a news aggregator. This article was originally published by Markets-Economic Times. Tap the button above to read the full story on their site.