HDFC Bank lists $1-bn AT-1 bonds on IFSC exchanges

Leading private sector lender HDFC Bank on Thursday listed its $1 billion additional tier- I (AT-1) bonds on the IFSC (International Financial Services Centre) exchanges at Gujarat International Finance Tec-city (GIFT)."THE primary listing of HDFC AT 1 bond demonstrates the competitiveness of both the IFSC exchanges — India INX and NSE IFSC internationally," Manoj Kumar, Executive Director, IFSCA said. This is a major milestone for GIFT IFSC.