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Corporate News
21-Jul-23
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Board of Federal Bank approves raising Rs 8000 cr via debt issuance
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At meeting held on 21 July 2023
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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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