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IndusInd Bank raises Rs 2,800 crore debt capital via bonds

IndusInd Bank raises Rs 2,800 crore debt capital via bonds The Finance Committee of the board of the bank in its meeting approved 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) for cash aggregating to Rs 2,800 crore, the bank said in a regulatory filing.

from Moneycontrol Business News https://ift.tt/3jPoHz4
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