IndusInd Bank raises Rs 2,800 crore debt capital via bonds.
Private sector IndusInd Bank on Friday said it has raised Rs 2,800 crore by issuing bonds on private placement basis.
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The Finance Committee of the board of the bank in its meeting approved allotment of 2,800 rated, listed, non-convertible, subordinated and unsecured Basel III compliant bonds in the nature of debentures towards non-equity regulatory tier 2 capital (T2 bonds) for cash aggregating to Rs 2,800 crore, the bank said in a regulatory filing.
The bonds, set to mature in 10 years, bear a coupon rate of 8.11 per cent payable annually.
The bonds are rated AA+ by Crisil and India Ratings.
IndusInd Bank stock traded at Rs 1150.50 apiece on BSE, down 2.12 per cent from previous close.
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