HDFC Bank raises $500 m via MTN issue

HDFC Bank on March 6, 2013 raised $500 million unsecured debt at a fixed coupon rate (interest rate) of three per cent for five years. The bank has to effect the coupon payouts semi-annually.

The fund-raising is part of its $1-billion Medium Term Note programme.

The debt instrument (fixed rate senior unsecured note) would be listed on the Singapore Stock Exchange.

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