HDFC Bank plans to raise at least $500 million via dollar bonds this week, utilizing the central bank's subsidized hedging window. The five-year bond issue, with initial guidance of 5-year U.S. Treasury yield plus 120 basis points, is expected to see strong demand. Proceeds will fund foreign branches and subsidiaries, and general corporate purposes.
HDFC Bank plans to raise at least $500 million via dollar bonds this week, utilizing the central bank's subsidized hedging window. The five-year bond issue, with initial guidance of 5-year U.S. Treasury yield plus 120 basis points, is expected to see strong demand. Proceeds will fund foreign branches and subsidiaries, and general corporate purposes.
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