HDFC Bank informed that the bank has issued and allotted issues 7.84% Basel III tier 2 bonds, Series 3/2022-23, via an exchange filing.
The allotment of bonds issued and allotted today on a private placement basis 7.84% unsecured, subordinated, fully paid-up, non-convertible, Basel III compliant tier 2 bonds in the nature of debentures for augmenting Tier 2 capital and overall capital of the bank.
The issue proceeds will be used for strengthening its capital adequacy and for enhancing its long-term resources amounting to Rs. 5000 Crore (5000 Bonds of face value Rs.1,00,00,000/- each).
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