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IDFC First Bank raises Rs 1500 crore through bonds

01 Dec 2022 Evaluate

IDFC First Bank has raised Rs 1500 crore through allotment of 1,500 Unsecured, Subordinated, Rated, Listed, Non-Convertible, Fully Paid-Up, Taxable, Redeemable Bonds, Basel III compliant, Tier 2 capital (in the nature of Debentures) for a face value of Rs 1 crore each. Date of maturity of said NCDs will be on December 01, 2032.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Peers
Company Name CMP
HDFC Bank 699.50
ICICI Bank 1385.25
Axis Bank 1209.00
Kotak Mahindra Bank 458.00
Indusind Bank 836.35
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