You are here: Home » Companies » News
Business Standard

HDFC Bank plans to raise up to Rs 50,000 crore in FY19 by issuing bonds

The bank said its board of directors will consider the proposal at its ensuing meeting on April 20

Press Trust of India  |  New Delhi 

HDFC Bank plans to raise up to Rs 50,000 crore in FY19 by issuing bonds

on Monday said it was planning to raise up to Rs 50,000 crore this financial year by issuing bonds on private placement basis.

“We wish to inform you that the proposes to raise funds by issuing perpetual debt instruments (part of additional tier I capital), tier II capital bonds and long term bonds (financing of infrastructure and affordable housing) up to a total amount of Rs 50,000 crore in the period of next twelve months through private placement mode," it said in a regulatory filing.

The said its board of directors will consider the proposal at its ensuing meeting on April 20.

Stock of Bank closed at Rs 2,288.90 on BSE, down 0.56 per cent from previous close.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, April 08 2019. 18:25 IST
RECOMMENDED FOR YOU