HDFC BANK LTD (HDB) Form 6-K — Aug 24, 2026
HDFC Bank Limited has completed the issue of US$1,750 million in Senior Unsecured Bonds through its GIFT City Branch, structured in two tranches of US$500 million and US$1,250 million. The 3-year tranche carries a 5.159% semi-annual coupon maturing 26 August 2029, while the 5-year tranche carries 5.401% maturing 26 August 2031. Both tranches carry expected ratings of Baa3 (Stable) from Moody's and BBB (Stable) from S&P. The notes were offered in 144A/Regulation S format, settle on 26 August 2026, and are listed on India INX and NSE International Exchange, with the issuer and lead managers having executed the Subscription Agreement.
Key figures
- Debt Amount
- 1750000000
- Interest Rate
- 5.159% (3-year tranche) / 5.401% (5-year tranche), semi-annual 30/360
- Maturity Date
- 26 August 2029 (3-year tranche); 26 August 2031 (5-year tranche)
- Security
- Unsecured, senior unsecured ranking, redemption at maturity
- Issue format
- 144A / Regulation S
- Tranche1 size
- US$500 million
- Tranche2 size
- US$1,250 million
- Issuer ratings
- Baa3 (Stable) by Moody's / BBB (Stable) by S&P
- Listing venues
- ["India INX (India International Exchange (IFSC) Limited)","NSE International Exchange (NSE-IX)"]
- Tranche1 tenor
- 3 years
- Tranche2 tenor
- 5 years
- Settlement date
- 26 August 2026
- Tranche1 coupon
- 5.159% (semi-annual, 30/360)
- Tranche2 coupon
- 5.401% (semi-annual, 30/360)
- Tranche1 maturity
- 26 August 2029
- Tranche2 maturity
- 26 August 2031
- Isin tranche1 144 A
- US42190GAA40
- Isin tranche1 reg S
- USY30909AA69
- Isin tranche2 144 A
- US42190GAB23
- Isin tranche2 reg S
- USY30909AB43
AI analysis
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