IndusInd Bank gets nod to raise funds through bonds

Mumbai : IndusInd Bank has received approval to raise funds through issuance of Rated, Listed, Non-Convertible, Perpetual, Subordinated and Unsecured Basel III compliant Bonds in the nature of Debentures towards non-equity regulatory Additional Tier I capital (AT1 Bonds) for a face Value of Rs 10 lakh each for cash for an aggregate amount of upto Rs 2,000 crore with base issue being Rs 1,000 crore and a Green-shoe option to retain oversubscription upto Rs 1,000 crore. The Board of Directors of the bank at its meeting held on March 18, 2019 has approved the same.

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

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