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IndusInd Bank to raise Rs 1000 crore

Capital Market 

Through private placement of AT-I Bonds

announced that the Finance Committee of the Board has, in its meeting held on 18 April 2017, approved the allotment of 10,000 Rated, Listed, Non-Convertible, Perpetual, Subordinated and Unsecured Basel III-compliant Bonds in the nature of Debentures towards non-equity regulatory Additional Tier 1 Capital (AT1 Bonds), for Face Value of Rs.10 lakh each for cash aggregating to Rs.1,000 crore on Private Placement basis. The aforesaid Bonds will be issued in dematerialised form and will be listed on the Wholesale Debt Market (WDM) segment of National Stock Exchange of India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 19 2017. 09:46 IST