HDFC Bank raises 3,000 crore from bonds

Published on Sep 08, 2022 07:15 PM IST

The bank issued and allotted bonds to investors on a private placement basis on Thursday, HDFC Bank said in a regulatory filing.

These unsecured, subordinated, fully paid-up, non-convertible, Basel III compliant perpetual debt would carry a coupon rate of 7.84 per cent, the HDFC Bank said. (File photo)
These unsecured, subordinated, fully paid-up, non-convertible, Basel III compliant perpetual debt would carry a coupon rate of 7.84 per cent, the HDFC Bank said. (File photo)
PTI |

Private sector lender HDFC Bank on Thursday said it has mobilised 3,000 crore from bonds to fund business growth.

The bank issued and allotted bonds to investors on a private placement basis on Thursday, HDFC Bank said in a regulatory filing.

These unsecured, subordinated, fully paid-up, non-convertible, Basel III compliant perpetual debt would carry a coupon rate of 7.84 per cent, it added.

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