By issuing bonds, HDFC Bank hopes to raise up to Rs 50,000 crore.


The largest private sector lender in the nation, HDFC Bank, announced on Wednesday that it intends to raise Rs 50,000 crore over the upcoming year by issuing bonds through a private placement. The choice was made during a board meeting for the bank.

In a regulatory filing, HDFC Bank stated that it planned to raise Rs 50,000 crore through the private placement of perpetual debt instruments (part of additional tier I capital), tier II capital bonds, and long-term bonds (financing of infrastructure and affordable housing).

It also stated that the idea would be discussed by the board of directors at its meeting on April 16, 2022.


Since perpetual bonds have no set maturity date, they can be considered equity rather than debt.

Earlier this week, as part of its plan to spur expansion, particularly in the affordable housing market, HDFC Bank decided to acquire HDFC Ltd, the nation's largest mortgage lender, and parent company.


On the BSE, HDFC Bank shares ended the day 3.51 percent lower at Rs. 1,550.80 per share.


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