BackHDFC Bank raises Rs3,000 crore via bonds on pvt placement
1 min read
01 Apr 2015, 06:52 PM IST
The bank did not provide details on the need to issue such bonds and where the proceeds will be used
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New Delhi: Private sector lender HDFC Bank has raised ₹ 3,000 crore by issuing long term non-convertible bonds through private placement.
“The Bank has issued and allotted on a private placement basis senior, unsecured, redeemable, long term, non-convertible bonds in the nature of debentures for ₹ 3,000 crore," it said in a filing to BSE on Wednesday.
However, the bank did not provide details on the need to issue such bonds and where the proceeds will be used. The HDFC Bank scrip was trading at ₹ 1,028.20, up 0.52%, on the BSE in the afternoon.
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Published: 01 Apr 2015, 06:52 PM IST
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