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IndusInd Bank to raise Rs 1,500 crore on Private Placement basis

08 Dec 2016 Evaluate

IndusInd Bank has received an approval for issuance of Senior Unsecured Redeemable Non-convertible Long Term Bonds in the nature of debentures of face value of Rs 10 lakh only, for cash, aggregating to Rs 1,500 crore on Private Placement basis. The board of directors of the bank at its meeting held on December 7, 2016 has passed the resolution for the same.

The said Debentures have been rated ‘AA+’ by India Ratings & Research and ‘AA+/Stable’ by CRISIL. The Debentures will be listed on the National Stock Exchange of India (NSE).

IndusInd Bank caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As on March 31, 2016, Induslnd Bank has 1,000 branches, and 1800 ATMs spread across 623 geographical locations of the country.



Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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