HDFC Bank is all set to raise up to Rs 5,000 crore by way of infrastructure bonds. CRISIL has assigned AAA/Stable rating to the bond issuance and the rating on the bank’s other debt instruments has been reaffirmed at ‘AAA/Stable’.
The ratings on HDFC Bank’s debt instruments continue to reflect the bank’s established market position, healthy capitalisation supported by strong asset quality, comfortable resource profile, and robust earnings performance. Last year, HDFC Bank had raised Rs 3,000 crore by issuing bonds on a private-placement basis.
