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VERIFIEDET Stocks·positive
HDFC Bank shares in focus after record $1.75 billion overseas bond raise. What lies ahead?
AI Summary
- ·HDFC Bank raised $1.75 billion through a twin bond sale to overseas investors.
- ·The bank raised $500 million via three-year bonds and $1.25 billion through five-year securities.
- ·Both bond issuances were priced at tighter spreads than initial guidance, indicating strong investor demand.