HDFC raises $750-m ECB, first under RBI's special swap plan
· economictimes.indiatimes.com
HDFC Bank has successfully raised $750 million in offshore bonds, marking the first to leverage the RBI's 1.5% fixed-rate swap for external borrowings. This move aims to attract foreign currency, with other major banks and public sector units expected to follow suit. The bond issuance saw strong investor demand, particularly from Asia.
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