HDFC Bank plans Rs 50,000 cr fund mop-up by issuing bonds on private placement basis this fiscal

Private lender HDFC Bank on Monday said it is planning to raise up to Rs 50,000 crore this financial year by issuing bonds on private placement basis

Press Trust of India April 08, 2019 19:20:55 IST
HDFC Bank plans Rs 50,000 cr fund mop-up by issuing bonds on private placement basis this fiscal
  • HDFC Bank to raise up to a total amount of Rs 50,000 crore in the period of next twelve months

  • The bank said its board of directors will consider the proposal at its ensuing meeting on 20 April

  • Stock of HDFC Bank closed at Rs 2,288.90 on BSE, down 0.56 percent from previous close

New Delhi: Private lender HDFC Bank on Monday said it is planning to raise up to Rs 50,000 crore this financial year by issuing bonds on private placement basis.

HDFC Bank plans Rs 50000 cr fund mopup by issuing bonds on private placement basis this fiscal

Representational image. Reuters

"We wish to inform you that the bank proposes to raise funds by issuing perpetual debt instruments (part of additional tier I capital), tier II capital bonds and long term bonds (financing of infrastructure and affordable housing) up to a total amount of Rs 50,000 crore in the period of next twelve months through private placement mode," it said in a regulatory filing.

The bank said its board of directors will consider the proposal at its ensuing meeting on 20 April.

Stock of HDFC Bank closed at Rs 2,288.90 on BSE, down 0.56 percent from previous close.

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