Private sector lender HDFC Bank on Wednesday fixed the coupon rate of its USD 1 billion additional tier- I (AT-1) bonds at 3.70 per cent per annum. The notes will be listed on the India International Exchange (IFSC) Limited, HDFC Bank said in a regulatory filing.
HDFC Bank s CEO Sashidhar Jagdishan in in company-wide communique said the central bank s RBI embargo enabled the bank to reimagine its IT systems and processes and “turbo-charge” the pace of its technology transformation. Jagdishan reiterated the banks plan to be “back with a bang” in the card space and regain lost market share.
HDFC Bank Raises $1 Billion From Offshore Additional Tier-1 (AT-1) Bond Offering, Issue Priced At 3 7% ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.
With the lifting of the eight-month-long ban on HDFC Bank with respect to selling new credit cards, its shares climbed 1.61 per cent to Rs 1,539.10 apiece after opening at Rs 1,550.