HDFC Bank plans to raise Rs50,000 crore via bonds in FY19
HDFC Bank says it plans to raise Rs50,000 crore through bonds in the next 12 months to fund business expansion. The decision will be taken in the board meeting on 21 April
New Delhi: HDFC Bank on Friday said it plans to raise Rs50,000 crore through bonds in the next 12 months to fund business expansion. 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 Rs50,000 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.
- Gold prices plunge Rs405, slip below Rs32,000 on global cues
- Icra downgrades IL&FS Transportation Networks’ outstanding debt
- GDP data, auto sales, earnings, F&O expiry to drive markets this week
- Shalimar Paints explores fund raising opportunities
- Sun Pharma shares surge 8% on strong Q4 earnings; CLSA upgrades rating
Editor's Picks »
- Sushma Swaraj on 4 years of Modi govt: ‘Unprecedented outreach, unparallel outcomes’
- NTPC Q4 profit jumps 46%, beats estimates
- NIC launches new data centre in Bhubaneswar, to hire 800 people pan-India in 1 year
- MediaCom appoints Navin Khemka as South Asia CEO
- Pakistan appoints former top judge as interim PM until election