General Announcement::Intimation

Issuer & Securities

Issuer/ Manager
HDFC BANK LIMITED
Securities
HDFCBANK INR23B 8.1%N250322 - XS1794215696 - 8NPB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
08-Feb-2024 13:26:23
Status
New
Announcement Sub Title
Intimation
Announcement Reference
SG240208OTHR0AW7
Submitted By (Co./ Ind. Name)
Dhanjit Thaivalappil
Designation
Deputy Vice President
Description (Please provide a detailed description of the event in the box below)
We are pleased to inform you that HDFC Bank Limited acting through GIFT City IFSC Banking Unit has completed the issue of 750 Million US$ Senior Unsecured Bonds under dual tranche.

The details in relation to above mentioned issuance are as follows:

Particulars Details
Type of Instrument USD denominated senior unsecured
Rating Notes are expected to be rated Baa3 by Moody s Rating Services and BBB- by S&P
Use of proceeds For banking activities
Whether proposed to be listed? If yes, name of the stock exchange(s) The Notes will be listed on the India International Exchange (IFSC) Limited
Size of the Issue USD 450,000,000
Tenure of the instrument date of allotment and date of maturity 5 year, settlement on February 15,2024, maturity on February 15,2029
Coupon/interest offered, schedule of payment of coupon and principal 5.18%
Charge or security, if any, created over the assets Unsecured
Ranking Senior unsecured
Special right/interest/privileges attached to the instrument and changes thereof N/A
Delay in payment of interest or principal amount from the due date or default in payment of interest or principal As per the Clauses in the Terms and Conditions of Notes.


Details of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any N/A
Details of redemption Redemption at the maturity
Type of Instrument USD denominated senior unsecured sustainability bond
Rating Notes are expected to be rated Baa3 by Moody s Rating Services and BBB- by S&P
Use of proceeds For banking activities. The net proceeds from the issue of the Notes will be allocated towards Green and Social projects that are consistent with the eligibility criteria set out in the HDFC Bank Sustainable Finance Framework (the Eligible Projects ).
Whether proposed to be listed? If yes, name of the stock exchange(s) The Notes will be listed on the India International Exchange (IFSC) Limited
Size of the Issue USD 300,000,000
Tenure of the instrument date of allotment and date of maturity 3-year, settlement on February 15,2024, maturity on February 15,2027
Coupon/interest offered, schedule of payment of coupon and principal 5.196%
Charge or security, if any, created over the assets Unsecured
Ranking Senior unsecured
Special right/interest/privileges attached to the instrument and changes thereof N/A
Delay in payment of interest or principal amount from the due date or default in payment of interest or principal As per the Clauses in the Terms and Conditions of Notes.


Details of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any N/A
Details of redemption Redemption at the maturity

Further, we would also like to inform you that the Issuer and the Lead Managers have also executed, inter alia, the [Subscription] Agreement with Lead Managers appointed for the Issue.

Disclaimer

The Offering Memorandum has not been and will not be registered or published as a prospectus or a statement in lieu of a prospectus with the Registrar of Companies, the Securities and Exchange Board of India or any other statutory or regulatory body of like nature in India in respect of a public offer or information memorandum or other offering material in respect of any private placement of securities under the Companies Act, 2013, as amended, and the rules framed thereunder or any other applicable Indian laws. The Offering Memorandum has not been and will not be reviewed or approved by any regulatory authority in India, including, but not limited to, the Securities and Exchange Board of India, any Registrar of Companies, the Reserve Bank of India, or any stock exchange in India. This Offering Memorandum and the Notes are not and should not be construed as an advertisement, invitation, offer or sale of any securities to the public or any person resident in India.
The Notes have not been and will not be, offered or sold to any person resident in India.

Attachments

SGX_ForeignSEIntimation-debtintimation08feb2024.pdf
Total size =516K