HDFC Bond Issue

Some HDFC customers have claimed they were not properly informed about the high-risk nature of the bonds, though the lender has maintained it complied with all applicable laws

Several benches of the Bombay High Court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust. While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank. Senior counsel Amit Desai appearing for Jagdishan said they do not have an objection with the same but counsel Niteen Pradhan appearing for the Trust took an objection. Pursuant to this, the bench of Justices M S Sonak and Jitendra Jain recused and said the matter shall be placed before another bench. According to the complaint filed by the Trust, which owns and manages the prominent Lilavati Hospital in Mumbai, Jagdishan allegedly accepted a bribe of Rs 2.05 crore in exchange for providing financial advice to help the Chetan Mehta Group retain illegal and undue ...

Barclays, Bank of America, JP Morgan, MUFG and Standard Chartered are the joint global coordinators and lead managers

Private sector HDFC Bank on Wednesday said it has raised Rs 7,425 crore via non-convertible bonds for funding infrastructure and affordable housing projects. The bank issued and allotted on Wednesday on a private placement basis 7.71 per cent unsecured, redeemable, long-term, fully paid up, non-convertible bonds in the nature of debentures, HDFC Bank said in a regulatory filing. As many as 7,42,500 bonds of face value Rs 1,00,000 each were issued to raise Rs 7,425 crore for funding infrastructure and affordable housing projects, it said. The bank issued 7,42,500 bonds of face value Rs 1 lakh each, it said.

The switch in hedging tools comes as markets are buffeted by surging policy rates, with the Reserve Bank of India having hiked by 140 basis points since May to tackle inflation

Mortgage lender Housing Development Finance Corporation Ltd (HDFC) on Wednesday said it will raise up to Rs 5,000 crore by issuing bonds on a private placement basis.

The issue will open for subscription on October 17 and closes the same day

Move to intended to augment long-term capital