US EditionFederal Bank Approves Raising Up To Rs 6,000 Crore Via Debt Instruments
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Federal Bank Approves Raising Up To Rs 6,000 Crore Via Debt Instruments
The Federal Bank Ltd.'s board of directors approved on Monday raising of funds worth Rs 6,000 crore by way of issuing debt instruments.The fundraise could be through additional tier I bonds, tier II bonds, long-term bonds (infrastructure and affordable housing), masala bonds, green bonds, non-convertible debentures or such other debt securities. The fundraise of Rs 6,000 crore will be subject to approval from shareholders and other statutory app…
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