HDFC Bank plans to elevate Rs 50,000 cr thru bonds within one year by admin- Thursday, April 15th, 2021 03:59:42 PM
HDFC Bank is planning to raise up Rs. 50,000 crore throughout the following 365 days via issuing bonds. The bank’s board of directors will take in the concept at its assembly on April 17.
The bank proposes to elevate funds via issuing perpetual debt devices (part of additional tier-I capital), tier-II capital bonds and long-time period bonds (financing of infrastructure and low priced housing) as much as a total amount of Rs 50,000 crore over the period of the next three hundred and sixty five days thru the non-public placement mode,” HDFC Bank stated. Perpetual bonds deliver no maturity date, so they’ll be dealt with as fairness, no longer as debt.