{"id":6130,"date":"2023-04-11T11:48:10","date_gmt":"2023-04-11T11:48:10","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/indias-hdfc-bank-to\/"},"modified":"2023-04-11T11:48:34","modified_gmt":"2023-04-11T11:48:34","slug":"indias-hdfc-bank-to","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/indias-hdfc-bank-to\/","title":{"rendered":"India’s HDFC Bank to raise $6 billion in debt over next 1 year"},"content":{"rendered":"

BENGALURU (Reuters) – Indian private lender HDFC Bank Ltd said on Tuesday it would consider raising debt of 500 billion rupees (about $6 billion) over the next one year.<\/p>\n

The bank will discuss the fund raise at its board meeting on Saturday, when it is also due to report earnings for the January-March quarter.<\/p>\n

The proposed fund raise would be by issuing perpetual debt instruments, or Additional Tier-1 (AT-1) bonds, Tier-II capital bonds and long-term bonds, the bank said in an exchange filing.<\/p>\n

The fund raising will be on a private placement basis, it said.<\/p>\n

The proposed fundraising comes ahead of HDFC Bank’s merger with Housing Development Finance Corp Ltd, which is likely to be completed by the end of June.<\/p>\n

In December, HDFC Bank had raised 50 billion rupees via 10-year Basel III-compliant, Tier-II bonds at a coupon of 7.84%.<\/p>\n

Last September, it issued Basel III-compliant AT-1 bonds worth 30 billion rupees at a coupon of 7.84%. ($1 = 82.0950 Indian rupees)<\/p>\n

\n

(Reporting by Nandan Mandayam in Bengaluru and Siddhi Nayak in Mumbai; Editing by Savio D’Souza)<\/p>\n

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BENGALURU (Reuters) – Indian private lender HDFC Bank Ltd said on Tuesday it would consider raising debt of 500 billion rupees (about $6 billion) over the next one year. The bank will discuss the fund raise at its board meeting on Saturday, when it is also due to report earnings for the January-March quarter. The […]<\/p>\n","protected":false},"author":8,"featured_media":6131,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-6130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3A0CK-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/6130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=6130"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/6130\/revisions"}],"predecessor-version":[{"id":6132,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/6130\/revisions\/6132"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/6131"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=6130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=6130"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=6130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}