HDFC Bank, India’s largest private-sector lender, is reportedly considering a dollar bond sale, aiming to issue three-year sustainability dollar bonds and five-year conventional notes. The bank has enlisted Barclays, Bank of America, J.P.Morgan, MUFG, and Standard Chartered as joint bookrunners and lead managers for investor update calls in Asia and Europe. While HDFC Bank has not responded to requests for comment, its Regulation-S notes are expected to be rated Baa3 by Moody’s and BBB- by S&P. The move follows the bank’s last dollar bond issuance in February 2023, raising $750 million. Additionally, Indian renewable energy firm Greenko Energy Holdings is exploring a dollar green bond sale through its subsidiary, Greenko Mauritius.
HDFC Bank Explores Dollar Bond Sale for Sustainability Initiatives
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