IndusInd Bank has announced that it has raised Rs 500 crore after issuing bonds on private placement basis.
According to reports, In the filing papers to the BSE, bank said that, “the Bank has allotted 5,000 rated, listed, senior unsecured redeemable, non-convertible bonds in the nature of debentures for face value of Rs 10 lakhs each on March 31, 2015 to the identified investor(s) on private placement basis, for an amount of Rs 500 crore,”
They would be issuing the bonds in the dematerialised form, added the report.
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