 "IDFC First Bank")
Private sector lender IDFC First Bank has raised Rs 1,500 crore in capital through maiden issue of tier-II bonds to bolster capital profile and support business growth.
The initial issue size was of Rs 1,000 Crore with a green shoe option of up to Rs 500 crore. The subscription participation to bonds placed privately came from domestic investors including Life Insurance Corporation of India which subscribed to more than 60 per cent of the issue size, bank said in a statement.
Sudhanshu Jain, CFO and Head–Corporate Center, IDFC First Bank, said the issue was oversubscribed to the maximum level by
