HDFC Bank plans to raise up to Rs 5,000 cr in capital via AT1 bonds

The lender will separately raise up to Rs 5,000 crore through infrastructure bonds carrying "AAA" rating.

HDFC Bank will raise up to Rs 5,000 crore through additional tier I bonds for capital adequacy and business growth. Care Ratings has given “AA+” rating to the lender’s Basel III compliant tier- I bonds.

India’s largest private bank will separately raise up to Rs 5,000 crore through infrastructure bonds carrying "AAA" rating.

The capital raising ability and a healthy proportion of Tier-I capital provide the bank with headroom to raise additional Tier-II capital to maintain high growth, Care said.

During the nine months ended December 31, 2021, the bank raised Basel III compliant AT1 notes of $ one billion