HDFC Bank allots Rs 15,000 crore NCDs on private placement basis

HDFC Bank allots Rs 15,000 crore NCDs on private placement basis

The bank has done this to strengthen its capital adequacy and to enhance its long-term resources.

FPJ Web DeskUpdated: Friday, December 02, 2022, 03:19 PM IST
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HDFC Bank allots Rs 15,000 crore NCDs on private placement basis | File/ Representative image

HDFC Bank has issued and alloted fully paid-up, non-convertible, Basel III compliant Tier 2 bonds worth Rs 15,000 crore on Friday on a private placement basis, according to a stock exchange filing from the bank.

The bank has done this to strengthen its capital adequacy and to enhance its long-term resources.

HDFC Bank on November 17 opened the bidding for its Rs 5,500 crore NCDs with a tenure of 3 years. The NCDs that were released will mature on November 18, 2025.

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