HDFC Bank raises $500 million through its Bahrain Branch

HDFC Bank Ltd, acting through its Bahrain branch, has raised USD 500 million by way of Fixed Rate Senior Unsecured Notes ("Notes") under its USD 1 billion Medium Term Note Programme, on March 06, 2013. The Notes carry a coupon of 3.00 per cent, per annum payable semi annually and will mature on March 06, 2018. The Notes will be listed on the Singapore Stock Exchange.

The HDFC Bank Ltd stock was trading at Rs.631.95, up by Rs.1.30 or 0.21%. The stock hit an intraday high of Rs.633.50 and low of Rs.627.10.

The total traded quantity was 0.44 lakhs compared to 2 week average of 1.35 lakhs.

Source : Equity Bulls

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