Business Standard

HDFC Bank, SBI AT-1 rates set to influence pricing of other issuances

The bonds will have a call option from the fifth year onwards and are rated AA+ by CRISIL, CARE and India Ratings, sources said

Photo: Bloomberg

Photo: Bloomberg

Bhaskar Dutta Mumbai
In an eventful week for bond markets, the country’s two largest lenders — State Bank of India (SBI) and HDFC Bank — are set to issue additional tier-1 (AT-1) bonds worth Rs 10,000 crore in the next couple of days in order to raise capital.

The cut-off rates that would be set for the bonds of the two banking sector giants could influence the pricing of debt sales by other lenders. HDFC Bank’s AT-1 issue marks the first one by a private bank so far this year. The country’s largest private bank is tapping debt capital markets for an

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 05 2022 | 8:26 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to