HDFC Bank India's largest private bank, has recently raised ₹2,910 crore through infrastructure bonds. These funds will be utilized for various projects, including those related to power, roads, and affordable housing.
The bonds have a 10-year maturity and carry an "AAA" rating from CRISIL. It's noteworthy that the money raised through infrastructure bonds is excluded from liquidity norms, meaning it does not attract Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements.
In a previous issuance in December 2023, HDFC Bank had raised ₹7,425 crore via infrastructure bonds with a coupon rate of 7.71%. These bonds play a crucial role in financing critical infrastructure development across the country.
For investors, these bonds offer a stable investment avenue with the backing of a reputable institution like HDFC Bank. The bank's commitment to funding essential projects contributes to India's growth and development.
These bonds are specifically earmarked for funding projects in areas such as power, roads, and affordable housing. Here are the key details:
Issue Size: The initial issue size was ₹1,000 crore with an additional green shoe option of ₹2,000 crore.
Coupon Rate: The coupon rate for these bonds, which have a 10-year maturity was fixed at 7.65%.
Credit Rating: These bonds carry an "AAA" rating from CRISIL, indicating their high credit quality and low risk.
Exclusion from Liquidity Norms: The funds raised through infrastructure bonds are excluded from liquidity norms, meaning they do not attract Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements.
The bonds have a 10-year maturity and carry an "AAA" rating from CRISIL. It's noteworthy that the money raised through infrastructure bonds is excluded from liquidity norms, meaning it does not attract Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements.
In a previous issuance in December 2023, HDFC Bank had raised ₹7,425 crore via infrastructure bonds with a coupon rate of 7.71%. These bonds play a crucial role in financing critical infrastructure development across the country.
For investors, these bonds offer a stable investment avenue with the backing of a reputable institution like HDFC Bank. The bank's commitment to funding essential projects contributes to India's growth and development.
These bonds are specifically earmarked for funding projects in areas such as power, roads, and affordable housing. Here are the key details:
Issue Size: The initial issue size was ₹1,000 crore with an additional green shoe option of ₹2,000 crore.
Coupon Rate: The coupon rate for these bonds, which have a 10-year maturity was fixed at 7.65%.
Credit Rating: These bonds carry an "AAA" rating from CRISIL, indicating their high credit quality and low risk.
Exclusion from Liquidity Norms: The funds raised through infrastructure bonds are excluded from liquidity norms, meaning they do not attract Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) requirements.
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