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Economics1h 25m ago
HDFC Bank is looking to raise at least $500 million via dollar bonds this week, tapping the central bank's subsidised hedging window for overseas borrowings.
India
Who
HDFC Bank, unnamed sources
What
HDFC Bank is looking to raise at least $500 million via dollar bonds this week, tapping the central bank's subsidised hedging window for overseas borrowings.
When
Tue, 16 Jun 2026 15:22:02 GMT · 1h 25m ago
Where
India ·
Why
The proceeds from HDFC Bank's bond issue will be used to meet the funding requirements of the bank's foreign branches and foreign subsidiaries, develop and expand business in the foreign offices and meet the bank's general corporate purposes.
The Frontline Impact
How this affects you
This move by HDFC Bank, India's largest private lender, highlights how Indian institutions are utilizing a new central bank scheme to lower hedging costs and attract foreign capital. The scheme is expected to bring in $15 billion to $20 billion in inflows over the next six months.
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