Corporate News     21-Jul-23
Board of Federal Bank approves raising Rs 8000 cr via debt issuance
At meeting held on 21 July 2023
The Board of Federal Bank at its meeting held on 21 July 2023 has approved the borrowing/ raising of funds in Indian Currency or any other permitted foreign currency by way of issue debt instruments including but not limited to Additional Tier I bonds (AT1 bonds), Tier II bonds, Long Term Bonds (Infrastructure & Affordable Housing), Masala Bonds, bonds issued for Environmental Social Governance funding (ESG bonds) such as Green Bonds, Blue Bonds, non-convertible debentures or such other debt securities as may be permitted by RBI from time to time, up to Rs 8000 crore in domestic market and/or overseas market, on a private placement basis within the overall borrowing limits of the Bank subject to shareholders approval as applicable and regulatory, statutory approvals and requirements.
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