HDFC Bank's record dollar bond sale makes it top issuer under RBI window

HDFC Bank has achieved a remarkable feat by securing $1.75 billion through a dual-tranche dollar bond issuance, marking the largest single debt fundraising effort by any Indian bank. This successful venture included selling five-year bonds worth $1.25 billion and three-year bonds worth $500 million. With investor demand surging to about $7 billion in bids, banks are hurrying to gather funds before the central bank facility's closure on August 31.