HDFC Bank Ltd approves allotment of 7.56% HDFC Bank Basel III Tier 2 Bonds - Series 2/2017-18

HDFC Bank Ltd has issued and allotted today on a private placement basis 7.56% Unsecured, Subordinated, Fully Paid-Up, Non-Convertible, Basel III compliant, Tier 2 Bonds for inclusion in Tier 2 Capital for capital adequacy purpose amounting to Rs.2000 Crore (20000 Bonds of face value Rs.10,00,000/- each).

Shares of HDFC BANK LTD. was last trading in BSE at Rs.1661.9 as compared to the previous close of Rs. 1666. The total number of shares traded during the day was 148417 in over 2817 trades.

The stock hit an intraday high of Rs. 1681.95 and intraday low of 1653.8. The net turnover during the day was Rs. 247298506.

Source : Equity Bulls

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