HDFC Bank allots debentures worth Rs5,000cr on private placement

The Bank allotted 50,000 Bonds having a face value Rs10 lakh each.

Sep 28, 2021 04:09 IST India Infoline News Service

Private lender, HDFC Bank has issued and allotted debentures to the tune of Rs5,000cr on private placement. The coupon rate for the bonds is 6.44%.

In its regulatory filing, on Monday, HDFC Bank said, "We wish to inform you that the Bank has issued and allotted on a private placement basis 6.44% Unsecured, Redeemable Long Term, Fully Paid-up, NonConvertible Bonds in the nature of Debentures amounting to Rs5,000cr."

The Bank allotted 50,000 Bonds having a face value Rs10 lakh each.

On Sensex, HDFC Bank closed at Rs1615.95 per piece down Rs8.3 or 0.5%.

The stock has touched an intraday high and low of Rs1635 per piece and Rs1582.05 per piece respectively. 

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