HDFC Bank raises Rs 3,000 crore via bonds on pvt placement
New Delhi: Private sector lender HDFC Bank has raised Rs 3,000 crore by issuing long term non-convertible bonds through private placement.
“Bank has issued and allotted on a private placement basis senior, unsecured, redeemable, long term, non-convertible bonds in the nature of debentures for Rs 3,000 crore,” it said in a filing to BSE today.
However, the bank did not provide details on the need to issue such bonds and where the proceeds will be used.
The HDFC Bank scrip was trading at Rs 1,028.20, up 0.52 per cent, on the BSE in the afternoon.