Latest News | HDFC Bank Raises Rs 5,000cr Via Bonds
Get latest articles and stories on Latest News at LatestLY. HDFC Bank on Monday said it has raised Rs 5,000 crore by issuing bonds on a private placement basis.
New Delhi, Sep 27 (PTI) HDFC Bank on Monday said it has raised Rs 5,000 crore by issuing bonds on a private placement basis.
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"The bank has issued and allotted today on a private placement basis 6.44 per cent (coupon rate) unsecured redeemable long term fully paid up non-convertible bonds in the nature of debentures (NCDs) amounting to Rs 5,000 crore," HDFC Bank said in a regulatory filing.
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A total of 50,000 bonds have been issued with face value of Rs 10 lakh each.
HDFC Bank shares closed at Rs 1,624.25 apiece on BSE, up 1.43 per cent from the previous close.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)