HDFC Bank likely to raise ₹15K cr via Tier-2 bonds, largest this FY
Business Standard|December 01, 2022
HDFC Bank is likely to raise up to ₹15,000 crore through the issue of Basel-III compliant Tier-2 bonds on Thursday, making it the largest such debt issuance this financial year, sources told Business Standard.
BHASKAR DUTTA
HDFC Bank likely to raise ₹15K cr via Tier-2 bonds, largest this FY

The planned bond issuance, which is of 10-year maturity, includes a base size of ₹1,000 crore and a green-shoe option of ₹14,000 crore, the sources said.

"HDFC Bank's tier-2 bond sale is likely mapped as a fixed rate issue with coupon of 7.86 per cent annual," a source said. The 10year government bond yield was last at 7.28 per cent, down 17 basis points in November.

Sovereign bond yields are the benchmarks for pricing debt issued by corporates.

هذه القصة مأخوذة من طبعة December 01, 2022 من Business Standard.

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هذه القصة مأخوذة من طبعة December 01, 2022 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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