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Saturday, Sep 09, 2006

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Money & Banking - Private Placement
HDFC Bank bond sale

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Mumbai , Sept. 8

HDFC Bank Ltd sold Rs 200 crore bonds on private placement basis through unsecured non-convertible subordinated perpetual bonds in the nature of debentures to augment its Tier-I capital, said a BSE announcement. The coupon rate for the issue will be 9.92 per cent. There will be a step-up of 1 per cent, said a senior HDFC Bank official.

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