IDBI Bank plans to raise up to Rs 3,000 crore through AT1 bonds

The private sector lender will also raise up to Rs 1,000 crore via infrastructure bonds to fund projects and affordable housing.

Private sector lender IDBI Bank plans to raise capital up to Rs 3,000 crore through additional tier I (AT-1) bonds in 2022-23 (FY23) to meet regulatory norms and business growth. It will also raise up to Rs 1,000 crore via infrastructure bonds to fund projects and affordable housing.
 

The board of directors approved the rupee bond borrowing limit of Rs 8,000 crore for FY23 to be borrowed in one or more tranches. This would include AT-1 bonds up to Rs 3,000 crore and senior/infrastructure bonds up to Rs 1,000 crore to be issued through private placement during FY23, the bank