Monday 15 May 2017

HDFC Bank issues perpetual debt instruments worth Rs 8000 cr

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HDFC Bank has said that it has issued unsecured Basel III compliant, Perpetual Debt Instruments in the nature of debentures for inclusion in Additional Tier I Capital amounting to Rs.8000 Crore. “The bank has allotted on May 12, 2017, on a private placement basis 8.85% Unsecured, Subordinated, Fully Paid-Up, Non-Convertible, Basel III compliant, Perpetual Debt Instruments in the nature of debentures for inclusion in Additional Tier I Capital amounting to Rs.8000 Crore (80000 Bonds of face value Rs.10,00,000/- each),” the Bank said in a filing to the Bombay Stock Exchange.

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