HDFC Bank allots Tier 2 bonds aggregating Rs 5000 cr

HDFC Bank has allotted today on a private placement basis 7.84% Unsecured, Subordinated, Fully Paid-Up, Non-Convertible, Basel III Compliant Tier 2 Bonds in the nature of debentures for augmenting Tier 2 capital and overall capital of the Bank, for strengthening its capital adequacy and for enhancing its long-term resources amounting to Rs. 5000 crore (5000 Bonds of face value Rs.1 croreeach).

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