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HDFC Bank raises Rs 6,700 cr via bonds

It said that a total of 67,000 bonds were issued with face value of Rs 10 lakh each

Bank on Thursday said it has raised Rs 6,700 crore by issuing via private placement.

"The bank has issued and allotted on September 21, 2016 on a private placement basis, senior, unsecured, redeemable, long term, non-convertible in the nature of debentures amounting to Rs 6,700 crore," Bank said in a regulatory filing.

It said that a total of 67,000 were issued with face value of Rs 10 lakh each.

Earlier in April this year, the private sector bank had said that it will raise Rs 50,000 crore through over a period of one year to fund business growth.

Shares of Bank traded 0.91 per cent up at Rs 1,304.50 on BSE.

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Business Standard
177 22
Business Standard

HDFC Bank raises Rs 6,700 cr via bonds

It said that a total of 67,000 bonds were issued with face value of Rs 10 lakh each

Press Trust of India  |  New Delhi 

HDFC Bank branch office in Mumbai
HDFC Bank branch office in Mumbai

Bank on Thursday said it has raised Rs 6,700 crore by issuing via private placement.

"The bank has issued and allotted on September 21, 2016 on a private placement basis, senior, unsecured, redeemable, long term, non-convertible in the nature of debentures amounting to Rs 6,700 crore," Bank said in a regulatory filing.



It said that a total of 67,000 were issued with face value of Rs 10 lakh each.

Earlier in April this year, the private sector bank had said that it will raise Rs 50,000 crore through over a period of one year to fund business growth.

Shares of Bank traded 0.91 per cent up at Rs 1,304.50 on BSE.

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HDFC Bank raises Rs 6,700 cr via bonds

It said that a total of 67,000 bonds were issued with face value of Rs 10 lakh each

It said that a total of 67,000 bonds were issued with face value of Rs 10 lakh each Bank on Thursday said it has raised Rs 6,700 crore by issuing via private placement.

"The bank has issued and allotted on September 21, 2016 on a private placement basis, senior, unsecured, redeemable, long term, non-convertible in the nature of debentures amounting to Rs 6,700 crore," Bank said in a regulatory filing.

It said that a total of 67,000 were issued with face value of Rs 10 lakh each.

Earlier in April this year, the private sector bank had said that it will raise Rs 50,000 crore through over a period of one year to fund business growth.

Shares of Bank traded 0.91 per cent up at Rs 1,304.50 on BSE.
image
Business Standard
177 22

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