HDFC Bank Re23 billion 8.1% notes issue

22/3/2018

High-yield bond/note issue

Value:

Re 23 billion

Dollar value:

$ 354.851 million

Status:

Completed

Date:

22/3/2018

Overview:

HDFC Bank has issued Re23 billion in new notes under its $3 billion MTN programme.
The 8.1% notes were issued on the Singapore stock exchange.
HDFC is the first Indian private bank to issue 'Masala' bonds overseas.

Sam Duke

Jurisdictions:

India
Singapore

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Singapore

Industry sector:

Banking

Firms:

Allen & Overy

Party: Barclays (Bookrunner)

Party: HSBC (Bookrunner)

Party: Standard Chartered (Bookrunner)

Party: E Sun Commercial Bank (Bookrunner)

JSA

Party: HDFC Bank (Issuer)

Lawyers: Dina Wadia, Uttara M Kolhatkar

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