HDFC Bank plans to raise Rs 50,000 crore through AT1, infra bonds

HDFC Bank seeks to raise Rs 50,000 crore through the issuance of additional tier-I (AT1) and tier-II bonds. Further, it plans to acquire home loans worth Rs 28,000 crore from promoter HDFC, in FY21.

The bank has sought shareholders’ approval to issue unsecured perpetual debt instruments (part of AT1 capital), and tier-II capital bonds.

In addition, it has sought the green light to issue long-term bonds (financing of infrastructure and affordable housing) on a private placement basis, shows the notice for its annual general meeting scheduled for July 18.

Total capital adequacy ratio stood at 18.5 per cent in March, well above the