Financing ·
HDFC Bank calls INR 739B ($8.9B) in Additional Tier 1 Notes for redemption at par
HDBHdfc Bank Ltd
HDFC Bank Limited has elected to exercise its call option to redeem INR 739 billion (approximately USD 8.9 billion) in Additional Tier 1 Notes on September 30, 2026. The redemption will occur at 100% of the principal amount outstanding, plus accrued and unpaid interest or distributions up to the redemption date. A notice of redemption has been instructed to be issued to eligible bondholders by the trustee, Citibank N.A., London Branch. This action allows the bank to retire this specific tranche of regulatory capital instruments ahead of their maturity. HDFC Bank Limited operates in the banking and financial services industry, providing a wide range of commercial and transactional banking products and services.