HDFC Bank prices $500 million Fixed Rate Senior Unsecured Notes

HDFC Bank Ltd acting through its Bahrain branch, has priced on February 27, 2013, USD 500 million Fixed Rate Senior Unsecured Notes ("Notes") under its USD 1 billion MTN Programme. The Notes carry a coupon of 3% per cent, per annum payable semi annually and are of 5 (five) year tenor. The Notes will be listed on the Singapore Stock Exchange.

The HDFC Bank Ltd stock was trading at Rs.651.50, up by Rs.8.75 or 1.36%. The stock hit an intraday high of Rs.654.95 and low of Rs.642.95.

The total traded quantity was 0.56 lakhs compared to 2 week average of 1.35 lakhs.

Source : Equity Bulls

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