Board of Federal Bank to consider various fund raising options

28 Jun 2022 , 01:32 AM

The Board of Federal Bank will meet on 30 June 2022 to consider raising of equity capital of the Bank either through rights issue private placement Preferential Issue Further Public Offer Qualified Institutional Placement Global Depository Receipts American Depository Receipts Foreign Currency Convertible Bonds or through any other permissible mode or a combination thereof The Board will also consider raising funds in Indian Currency or any other permitted foreign currency by way of issue debt instruments including but not limited to Additional Tier I bonds AT1 bonds Tier II bonds Long Term Bonds Infrastructure Affordable Housing Masala Bonds Green bonds non-convertible debentures or such other debt securities as may be permitted by RBI from time to time in domestic market andor overseas market on a private placement basis within the overall borrowing limits of the Bank