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# HDFC Bank Issues USD 300 Million Sustainable Finance Bond to Fund EV Lending, SMEs, and Affordable Housing
- URL: https://www.theglobalbanker.com/hdfc-bank-usd-300-million-sustainable-finance-bond-ev-sme-housing/
- Published: 2024-02-08T11:23:00.000Z
- Updated: 2026-10-22T14:57:08.000Z
- Description: HDFC Bank launched its first sustainable finance bond, raising USD 300 million to fund electric vehicle loans, SME lending, and affordable housing as part of a USD 750 million offering.
- Author: TGB Editorial Team
- Tags: ESG, Asia-Pacific, #archive

HDFC Bank issued a USD 300 million three-year sustainable finance bond in February 2024, its first foray into the labelled sustainable debt market, with proceeds earmarked for electric vehicle financing, loans to small and medium-sized enterprises, and affordable housing projects.

The bond forms part of a broader USD 750 million Regulation S Bond offering and has been listed on the India International Exchange, known as India INX, within the GIFT International Financial Services Centre in Gujarat. 

#### PROCEEDS ALLOCATED ACROSS THREE GREEN AND SOCIAL CATEGORIES

Electric vehicle lending carries an environmental classification. 

SME lending carries a social label within HDFC Bank's framework. Affordable housing is also a social category. 

"We are strongly committed towards building a green and social portfolio even as we continue adhering to the Bank's risk philosophy," said Arup Rakshit, Group Head – Treasury at HDFC Bank.