interest costs

Bank of India raises Rs 5,000 crore via infra bonds

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Bank of India raises Rs 5,000 crore via infra bonds

Bank of India has raised ₹5,000 crore through the issuance of infrastructure bonds, with the state-owned lender receiving bids far in excess of the notified amount for the debt sale. On Thursday, Bank of India sold 10-year infrastructure bonds for a total of ₹5,000 crore at a rate of interest of 7.54%, the lender informed … Read more

HDFC Bank plans infra bond swap for securities of parent HDFC Ltd

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HDFC Bank plans infra bond swap for securities of parent HDFC Ltd

HDFC Bank is discussing with investors and the regulator a plan through which the country’s most-valued lender would buy back some of the bonds issued by the erstwhile HDFC, and replace these instruments with new infrastructure bonds to be sold to the same set of investors holding the securities. This exercise, if approved, would help … Read more