HDFC Bank, India's largest lender by market value and the biggest Nifty constituent by weighting, has doubled its overseas borrowing through a term loan syndication from 23 global banks in a greenshoe option. The bank initially borrowed $500 million from Japan's largest lender MUFG in December. HDFC Bank chose to exercise the green shoe option to raise another $500 million, taking the total proceeds to $1 billion in what is the largest three-year overseas loan organized by an Indian bank. Read The Rest at :
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