HDFC Bank raises ₹3,000 crore from bonds to fund business growth

Private sector lender HDFC Bank on Thursday said that it has raised ₹3,000 crore from bonds to fund business growth. The bank issued and allotted bonds to investors on a private placement basis on Thursday. These unsecured, subordinated, fully paid-up and non-convertible, Basel III compliant perpetual debt would carry a coupon rate of 7.84 per cent, it added.