HDFC Bank has successfully completed the issuance of USD 750 Million Senior Unsecured Bonds through its GIFT City IFSC Banking Unit on June 16, 2026. These bonds, with a tenure of 5 years and a coupon rate of 5.067% per annum, are expected to be rated Baa3 by Moody’s and BBB by S&P. The proceeds will be utilized for general banking activities. The bonds are set to be listed on the India International Exchange (IFSC) Limited and NSE IFSC.
HDFC Bank Secures Major Funding Through Bond Issuance
HDFC Bank announced the successful completion of its latest fundraising initiative, issuing USD 750 Million Senior Unsecured Bonds. The transaction was executed through the bank’s GIFT City IFSC Banking Unit and officially concluded on June 16, 2026. This significant issuance underscores the bank’s robust financial standing and its ability to access international capital markets.
Key Details of the Bond Issuance
The newly issued bonds are denominated in USD and are classified as senior unsecured bonds. They carry an expected rating of Baa3 from Moody’s Rating Services and BBB from S&P Rating Services, reflecting a stable outlook. The tenure for these instruments is set at 5 years, with the allotment date scheduled for June 24, 2026, and the maturity date on June 24, 2031. The coupon rate offered is 5.067% per annum, with payments due on June 24 and December 24 each year, commencing December 24, 2026.
Purpose and Listing Information
The funds raised from this issuance will be allocated towards the bank’s general banking activities. Notably, the Notes are expected to be listed on the India International Exchange (IFSC) Limited and NSE IFSC, providing liquidity and accessibility for investors. The size of the issue is precisely USD 750,000,000.
Instrument Specifics
The bonds are structured as unsecured instruments, and their ranking is senior unsecured. Specific details regarding any special rights, interests, or privileges attached to the instrument are noted as N/A. In the event of delayed payment of interest or principal beyond 3 months, the terms will be governed by the Clauses in the Terms and Conditions of the Notes. Redemption of the principal will occur at maturity.
Source: BSE
