New Delhi: Private sector lender HDFC Bank has raised Rs 3,000 crore by issuing long term non-convertible bonds through private placement.
"Bank has issued and allotted on a private placement basis senior, unsecured, redeemable, long term, non-convertible bonds in the nature of debentures for Rs 3,000 crore," it said in a filing to BSE Wednesday.
However, the bank did not provide details on the need to issue such bonds and where the proceeds will be used.
The HDFC Bank scrip was trading at Rs 1,028.20, up 0.52 percent, on the BSE in the afternoon.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
