HDFC Bank raises $500 mn in overseas bond sale

HDFC Bank has announced that the bank, acting through its Bahrain branch, has raised USD 500 million by way of fixed rate senior unsecured notes ("notes") under its USD 1 billion medium term note programme, on 06 March 2013. The notes carry a coupon of 3.00 per cent per annum payable semi annually and will mature on 06 March 2018. The notes will be listed on the Singapore Stock Exchange.

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