--- title: "HDFC Bank stock gains after lender raises $1.75 billion through overseas bonds" type: "News" locale: "en" url: "https://longbridge.com/en/news/296566164.md" description: "HDFC Bank shares rose 0.41% after raising $1.75 billion via overseas bonds, its largest since 2008. The fundraise includes $500M in three-year and $1.25B in five-year senior unsecured notes from its GIFT City branch. This follows RBI approval for LIC to increase its stake to 9.99%. HDFC Bank reported a 4.98% YoY profit increase to Rs 19,059.72 crore for Q1 FY27." datetime: "2026-08-21T03:58:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296566164.md) - [en](https://longbridge.com/en/news/296566164.md) - [zh-HK](https://longbridge.com/zh-HK/news/296566164.md) generator: "portal-rs" --- # HDFC Bank stock gains after lender raises $1.75 billion through overseas bonds HDFC Bank shares traded higher in early deals on Friday, August 21, after the private-sector lender raised $1.75 billion through three-year and five-year senior unsecured bonds from its GIFT City branch, marking its biggest overseas fundraise since the global financial crisis in 2008. The HDFC Bank stock was trading at Rs 728 in early trade, up 0.41 percent. The gains came even as the broader market remained largely flat. At 9:23 am, the Sensex was down 57 points, or 0.07 percent, at 77,480.51, while the Nifty 50 slipped 10 points, or 0.04 percent, to 24,221.45. Market breadth remained positive, with 1,584 shares advancing against 1,194 declines. HDFC Bank said on August 20 that the $1.75-billion fundraise comprised a dual-tranche issuance from its GIFT City branch. The country's largest private-sector lender raised $500 million through three-year bonds and another $1.25 billion through five-year bonds. The three-year notes carry a coupon of 5.159 percent, while the five-year bonds offer a coupon of 5.401 percent, with interest payable semi-annually. Both tranches are scheduled to settle on August 26. - ***Share Markets Live Updates | Sensex, Nifty, GIFT Nifty Today*** The three-year bonds will mature on August 26, 2029, while the five-year notes will mature on August 26, 2031. The three-year bonds carry pricing guidance of 88 basis points over US Treasuries, while the five-year notes carry guidance of 100 basis points over US Treasuries. The fundraising comes as several Indian lenders have tapped overseas debt markets amid the Reserve Bank of India's concessional swap window for external commercial borrowings, which is available until the end of the year. IDFC First Bank recently raised $500 million through overseas bonds, while Kotak Mahindra Bank raised around $650 million through its debut issuance of five-year bonds. The bond issuance also follows another development involving HDFC Bank this week. On August 19, the RBI approved Life Insurance Corporation of India's proposal to acquire an aggregate holding of up to 9.99 percent of HDFC Bank's paid-up share capital or voting rights. LIC held 4.11 percent of HDFC Bank's total share capital as of August 14, meaning the regulatory approval gives the state-owned insurer scope to raise its holding further, subject to applicable regulatory requirements. HDFC Bank had reported a standalone net profit of Rs 19,059.72 crore for the April-June quarter of FY27, an increase of 4.98 percent from a year earlier. Net interest income rose 6.7 percent year-on-year to Rs 33,535.95 crore. The bank's net interest margin for the quarter stood at 3.26 percent on total assets and 3.40 percent based on interest-earning assets. On the asset-quality front, gross non-performing assets stood at 1.17 percent of gross advances as of June 30, compared with 1.15 percent at the end of March and 1.40 percent a year earlier. Net NPAs stood at 0.41 percent of net advances. **Disclaimer** **Disclaimer:** *The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. 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