HDFC BANK LIMITED
HDFC Bank House
Senapati Bapat Marg
Mumbai 400 013
Filed on 7/18/2007
File No. 333-144461
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-144461
HDFC BANK LIMITED
Pricing Sheet July 18, 2007
6,594,504 American Depositary Shares Representing 19,783,512 Equity Shares
|Offering price||:||$92.1 per ADS|
|Over-allotment option||:||989,176 additional ADSs|
|Proceeds, net of underwriting commission||:||$594.9 million (if over-allotment option is not exercised) or $684.1 million|
(if over-allotment option is fully exercised)
|Estimate of expenses, not including underwriting discount|| |
$2,750,000 consisting of:
an SEC registration fee of $21,490,
NYSE listing fee of $43,200,
estimated printing and engraving expenses of $200,000,
estimated legal fees and expenses of $460,000,
estimated accounting fees and expenses of $1,185,000,
estimated insurance premiums of $700,000, and
estimated miscellaneous fees and expenses of $140,310.
The underwriters have agreed, subject to the completion of the
|Trade Date||:||July 18, 2007|
|Settlement Date||:||Expected on July 23, 2007. Any change in the settlement date|
will be notified to investors through a press release which will
be posted on the issuers website at www.hfdcbank.com.
Merrill Lynch International
Credit Suisse Securities (USA) LLC
J.P. Morgan Securities Inc.
Morgan Stanley & Co. International plc
Nomura Singapore Limited
Deutsche Bank Securities Inc.
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the SEC) for the ADS offering to which this communication relates. Before you invest, you should read the prospectus supplement and the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and the prospectus if you request it by calling toll-free 1-866-500-5408 (Merrill Lynch) or 1-888-722-9555 (UBS).