HDFC Bank gains on raising $750 million via dollar bond sale

HDFC Bank is currently trading at Rs. 1591.70, up by 3.25 points or 0.20% from its previous closing of Rs. 1588.45 on the BSE.

rbi imposes rs 1 crore penalty on hdfc bank
HDFC Bank

The scrip opened at Rs. 1585.00 and has touched a high and low of Rs. 1597.70 and Rs. 1577.15 respectively. So far 39503 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1721.85 on 04-Apr-2022 and a 52 week low of Rs. 1271.75 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1668.70 and Rs. 1577.15 respectively. The current market cap of the company is Rs. 887883.91 crore.

The promoters holding in the company stood at 25.60%, while Institutions and Non-Institutions held 60.39% and 14.00% respectively.

HDFC Bank has raised $750 million through a dollar bond sale. It will be paying a coupon of 5.686 per cent for the three year bonds. The Notes are rated Baa3 by Moody’s Rating Services and BBB- by S&P and will be listed on the India International Exchange (IFSC). The USD denominated senior unsecured instruments will be redeemed on maturity in March 2026.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.