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Infrastructure Today Magazine | HDFC Bank to raise Rs 50,000 crore via infra bonds, debt securities
HDFC Bank to raise Rs 50,000 crore via infra bonds, debt securities
Apr 24, 2017
HDFC Bank has said that it will raise up to Rs 50,000 crore through debt securities and infrastructure bonds over the next 12 months. In a filing to the BSE, the institution said the Board has approved the issue of debt instruments, Tier-II bonds and long-term infrastructure bonds of up to Rs 50,000 crore.
The securities would be issued on private placement basis, HDFC Bank said, adding that the approval of shareholders for the issuance would be sought in the ensuing Annual General Meeting. HDFC Bank reported a net profit of Rs 14,549 crore, a growth of 18.3 per cent in 2016-17 over the previous financial year.
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