HDFC Bank
HDFC Bank
Picture for Representation

HDFC Bank on Wednesday said it is planning to raise up Rs 50,000 crore during the next 12 months through issuing bonds.

The bank's board of directors will take up the proposal at its meeting on April 17, it said in a regulatory filing.

"The bank proposes to raise funds by issuing perpetual debt instruments (part of additional tier-I capital), tier-II capital bonds and long-term bonds (financing of infrastructure and affordable housing) up to a total amount of Rs 50,000 crore over the period of the next 12 months through the private placement mode," HDFC Bank said.

Perpetual bonds carry no maturity date, so they may be treated as equity, not as debt.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal

www.freepressjournal.in