MUMBAI – HDFC Bank, India’s largest private sector lender, has designated banks for a possible dollar sale, two bankers said on Monday.
The bank is looking to issue three-year sustainability dollars and five-year conventional notes, they added.
The bankers said it has appointed Barclays, Bank of America, JPMorgan, MUFG and Standard Chartered as joint book runners and lead managers to host fixed income investment update calls in Asia and Europe this week.
HDFC Bank did not immediately respond to a Reuters email seeking comment.
HDFC Bank’s Regulation-S notes will be rated Baa3 by Moody’s and BBB- by S&P.
HDFC Bank last tapped the dollar bond market in February 2023 when it raised $750 million in three-year dollar bonds at a coupon of 5.686%.
Indian renewable energy company Greenko Energy Holdings has asked banks for a dollar green bond sale from its wholly-owned subsidiary, Greenko Mauritius, and is currently exploring the market for a shorter tenor issue.
(Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Savio D’Souza)