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Indusind Bank raises Rs 2,800 crore via bonds

29 Oct 2021 Evaluate

IndusInd Bank has raised Rs 2,800 crore through 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) on private placement basis. The bonds set to mature in 10 years, bear a coupon rate of 8.11 percent payable annually. The Finance Committee of the board of the bank in its meeting has approved allotment of the same.

IndusInd Bank is one of the fastest-growing banks in the banking sector in India.

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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