HDFC Bank plans to raise Rs 50,000 cr via bonds in current fiscal to fund business expansion

New Delhi: HDFC Bank on Friday said it plans to raise Rs 50,000 crore through bonds in the next 12 months to fund business expansion.

 HDFC Bank plans to raise Rs 50,000 cr via bonds in current fiscal to fund business expansion

HDFC Bank plans to raise Rs 50,000 cr via bonds in current fiscal to fund business expansion. Reuters image.

The decision to this effect will be taken in the board meeting on 21 April, 2018, HDFC Bank said in a regulatory filing.

The funds will be raised 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 of Rs 50,000 crore in next 12 months through private placement mode, it said.

"The bank shall appropriately inform the exchanges after the conclusion of the board meeting," it said.

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Updated Date: Apr 13, 2018 15:45:03 IST