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IDFC Bank will raise up to Rs.5,000 crore by issuing bonds in next 12 months, in one or more tranches from the domestic or overseas markets.
In a regulatory filing the bank stated that, it has been permitted to raise capital via perpetual debt instruments (part of additional tier I capital), tier II capital bonds and long term bonds (financing of infrastructure and affordable housing), on private placement basis, up to an amount not exceeding Rs.5,000 crore.
Furthermore, the proposed capital will be raised in one or more tranches, in domestic/overseas market, over a period of 1 year, within the overall borrowing limit of Rs.1,50,000 crore as approved by the shareholders of the bank.
