HDFC Bank Limited announced a private placement of non-convertible loan for the gross proceeds of $500,000,000 on January 15, 2024. The transaction included participation from new investor MUFG Bank, Ltd. The dollar loan from MUFG was financed through the Japanese lender's Gift City branch and was priced at 110 basis points above the three- year secured overnight financing rate (SOFR).
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- News HDFC Bank Limited
- HDFC Bank Limited announced that it has received $500 million in funding from MUFG Bank, Ltd.