HDFC Bank has launched its $1 billion additional tier-I (AT1) bond issue and was able to close the pricing at a level substantially lower than the initial guidance. The final closure for the five-year perpetual bond sale is yet to happen and will be announced later.
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.
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