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Prospect News home > News index > List of issuers H > Headlines for HDFC Bank Ltd. > News item
Published on 9/8/2006 in the Prospect News Emerging Markets Daily.

New Issue: India's HDFC Bank sells Rs. 2 billion of perpetual tier I bonds

By Reshmi Basu

New York, Sept. 8 - HDFC Bank Ltd. said it sold Rs. 2 billion of perpetual tier I bonds via private placement.

The bonds are structured as non-convertible unsecured subordinated bonds.

HDFC Bank, based in Mumbai, India, is a private sector bank.

Issuer:HDFC Bank Ltd.
Amount:Rs. 2 billion
Issue:Perpetual tier I bonds
Announcement date:Sept. 8

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