HDFC Life Raises $82.57M Via 10-Year Subordinated Bonds at 7.63% Coupon
HDFC Life Insurance has accepted bids totaling 7.49 billion rupees (approximately $82.57 million) for its subordinated bonds with a 10-year maturity. The bonds offer a coupon rate of 7.63% and include a call option starting from the fifth year. The issuance was rated AAA by Icra, indicating a high credit quality.