IDFC First Bank has informed that in exercise of aforesaid powers, the duly authorized Committee of the Board at its meeting held today has approved the Shelf Placement Memorandum for Private Placement of upto 2,000 Unsecured, Subordinated, Rated, Listed, Non-Convertible, Fully Paid-Up, Taxable, Redeemable Basel III Compliant Tier 2 Bonds (in the nature of Debentures) denominated in Rupees of a face value of Rs 1 crore each, having an aggregate nominal value of upto Rs 2,000 Crore, in one or more tranches ('Bonds'). Further, within the aforesaid limit of Rs 2,000 Crores, the Committee has approved the First Tranche Placement Memorandum for Private Placement of upto 1,500 Bonds with issue size of Rs. 1,000 Crore and a Green Shoe Option to retain oversubscription up to Rs. 500 Crore, having an aggregate nominal value of upto Rs. 1,500 Crore, as per the details set out in Annexure I.
The above information is a part of company’s filings submitted to BSE.
