HDFC bank raises Rs 7,425 crore through infrastructure bond issue

Private sector HDFC Bank on Wednesday (20th Dec 2023) 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 (20th Dec 2023) 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..

Source : Business Standard