Published on 2/28/2013 in the Prospect News Emerging Markets Daily.
New Issue: India's HDFC Bank prints $500 million 3% senior notes due 2018
By Christine Van Dusen
Atlanta, Feb. 28 - India's HDFC Bank Ltd. priced a $500 million issue of senior notes (Baa2/BBB-/) due in 2018 with a 3% coupon, a market source said.
BofA Merrill Lynch, Citigroup, JPMorgan and Standard Chartered Bank were the bookrunners for the Regulation S deal.
No other details were immediately available on Thursday.
HDFC is a Mumbai-based bank.
| Issuer: | HDFC Bank Ltd.
|
| Amount: | $500 million
|
| Maturity: | 2018
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, Citigroup, JPMorgan, Standard Chartered Bank
|
| Coupon: | 3%
|
| Trade date: | Feb. 27
|
| Distribution: | Regulation S
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB-
|
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